A trustee owning stock may hold it in the name of a nominee, without mention of the trust in the stock certificate or stock registration book; provided that—\n(1) the trust records and all reports or accounts rendered by the trustee clearly show the ownership of the stock by the trustee and the facts regarding its holding; and\n(2) the nominee shall deposit with the trustee a signed statement showing the trust ownership, shall endorse the stock certificate in blank, and shall not have possession of the stock certificate or access thereto except under the immediate supervision of the trustee.\nThe trustee shall be personally liable for any loss to the trust resulting from any act of such nominee in connection with stock so held.
U.S. Virgin Islands Legal Code
1099
U.S. Virgin Islands § 1099 — U.S. Virgin Islands law