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§ 497 — 497 — U.S. Virgin Islands Law | CourtGPT
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U.S. Virgin Islands Legal Code

497

U.S. Virgin Islands § 497 — U.S. Virgin Islands law

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Following any sale, assignment, conveyance or other disposition in bulk of all the property subject to the conservatorship, the net proceeds therefrom, if any, after payment of all obligations owing to the Government of the Virgin Islands and any political subdivision thereof and of those allowances set forth in section 494 of this title shall be paid by the conservator to the former or suspended licensee.