Regulatory Alerts2021-05-13
Virgin Islands Special Trusts (Amendment) Act, 2021
The Legislature of the Virgin Islands enacted this amendment to modify Section 12 of the Virgin Islands Special Trusts Act, 2003. The legislation specifically replaces the statutory reference to "section 58" with "sections 58 and 58B" in subsection (4). The Act takes effect on a date designated by the Minister via Gazette notice, ensuring updated regulatory alignment for registered special trusts.
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