Act No. 6835 (26th Legislature) — An Act amending 12A V.LC. to enact the Rental-Purchase Agreement Disclosure Act ---0---
ACTNO. 6835 BILL NO. 26-0192 TWENTY-SIXTH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2006 An Act amending 12A V.LC. to enact the Rental-Purchase Agreement Disclosure Act ---0--- Be it enacted by the Legislature of the Virgin Islands SECTION 1. Title 12A Virgin Islands Code is amended by adding a chapter 5 to read as follows: “Chapter 5. Rental-Purchase Agreement Disclosure Act §280. Short Title. This chapter may be cited as the “Rental-Purchase Disclosure Act”. §281. Definitions For purposes of the chapter: (a) The term “advertisement” means a commercial message in any medium that aids, promotes or assists, directly or indirectly, a rental-purchase agreement. (b) The term “agricultural purpose” includes: qd) the production, harvest, exhibition, marketing transformation, processing or manufacture of agricultural products by a natural person who cultivates plants or propagates or nurtures agricultural products; and (2) the acquisition of farmlands, real property with a farm residence, or personal property and services used primarily in farming. …
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