The Director is authorized, subject to the prior approval of the Loan Policy Board, to guarantee the payment of rents on behalf of any small business concern eligible for assistance under the provisions of this chapter when it is determined that such guarantee is consistent with the purposes of this chapter. In those instances where the tenant is a corporation, all stockholders shall first guarantee the payment of rents prior to the Director making any guarantee pursuant to this subchapter.
U.S. Virgin Islands Legal Code
1257
U.S. Virgin Islands § 1257 — U.S. Virgin Islands law