Fifteen or more persons of age, residents of this territory, may form an association as provided in this subchapter. Associations formed under the provisions of this subchapter shall be known as cooperative savings and loan associations, and the name of every association so formed shall contain as a part thereof the words 'savings and loan association' or 'building and loan association.'
U.S. Virgin Islands Legal Code
281
U.S. Virgin Islands § 281 — U.S. Virgin Islands law