Act No. 8168 (32nd Legislature) — An Act amending title 9 Virgin Islands Code, adding chapter 25 enacting The Finance Lenders Law
ACTNO. 8168 BILL NO. 32-0256 THIRTY-SECOND LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2018 An Act amending title 9 Virgin Islands Code, adding chapter 25 enacting The Finance Lenders Law Be it enacted by the Legislature of the Virgin Islands: SECTION 1. Title 9 Virgin Islands Code is amended by adding chapter 26 to read as follows: “CHAPTER 26 Virgin Islands Finance Lenders SUBCHAPTER 1. General Provisions §764. Short title. This chapter is known and may be cited as the “The Virgin Islands Finance Lenders Law” §765. Definitions As used in this chapter, the terms have the meaning set forth in this section, unless the context requires otherwise. (a) The terms “accounts,” “chattel paper,” “documents,” “general intangibles,” “goods,” “instruments,” and “security interest,” are as defined in the Virgin Islands Uniform Commercial Code, Title 11A, Virgin Islands Code. (b) “Board” means the Virgin Islands Banking Board established in 3 V.I.C. §42, or the Banking Board’s designee. …
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