Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 803 — 803 — U.S. Virgin Islands Law | CourtGPT
  1. Home/
  2. Laws/
  3. U.S. Virgin Islands/
  4. Title 17/
  5. Chapter 43/
  6. 803
U.S. Virgin Islands Legal Code

803

U.S. Virgin Islands § 803 — U.S. Virgin Islands law

Ask AI about this
(a) The assets of any Protected Cell may not be charged with liabilities arising out of any other business of the Research and Technology Park Protected Cell Corporation or any other Protected Cell.\n(b) The income, gains and losses, realized or unrealized, from each Protected Cell must be credited to or charged against the Protected Cell without regard to other income, gains, or losses of the Corporation, including income, gains, or losses of other Protected Cells.\n(c) At the cessation of business of a Protected Cell, and in the absence of any placement under administrative supervision or order of rehabilitation or liquidation attributable to that Protected Cell, the shareholders, members, partners, or other equity owners entitled to vote shall voluntarily wind up the Protected Cell in accordance with a duly adopted plan which has also been approved by the Board of Directors of the Corporation.