Act No. 6487
ACT NO.648 7 BILL NO. 24-0162 TWENTY-FOURTH LEGISLATURE OF THE VIRGIN ISLANDS OF THE UNITED STATES Regular Session 2001 To amend title 13, section 533, Virgin Islands Code, to prohibit the establishing of a new business entity without proof that all outstanding tax obligations of the dissolved entity have been satisfied; and to amend title 27, section 304(a), Virgin Islands Code, pertaining to grounds for denial, suspension and revocation of business licenses ---(--- BE IT ENACTED by the Legislature of the Virgin Islands: SECTION 1. Title 13, section 533, Virgin Islands Code, is amended by adding a new subsection ‘‘(e)”’ to read: “(e) No individual or business entity formerly affiliated or associated with a dissolved business entity shall establish a new business entity without first providing wnitten proof to the Corporate Division of the Office of the Lieutenant Governor, the Virgin Islands Bureau of Internal Revenue and the Department of Licensing and Consumer Affairs that all outstanding tax obligations of the dissolved entity owed to the Government of the Virgin Islands have bee …
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