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.
No. 13 of 2021 VIRGIN ISLANDS VIRGIN ISLANDS SPECIAL TRUSTS (AMENDMENT) ACT, 2021 ARRANGEMENT OF SECTIONS Section 1…Short title and commencement. 2…Section 12 amended.
2 No. 13 of 2021 Virgin Islands Special Trusts Virgin (Amendment) Act, 2021 Islands I Assent (Sgd.) John J. Rankin, CMG Governor. 7th May, 2021 VIRGIN ISLANDS No. 13 of 2021 An Act to amend the Virgin Islands Special Trusts Act, 2003 (No. 10 of 2003) and for other matters connected therewith. [Gazetted 13th May, 2021] ENACTED by the Legislature of the Virgin Islands as follows:
- (1) This Act may be cited as the Virgin Islands Special Trusts (Amendment) Act, 2021. (2) This Act shall come into force on such date as the Minister may, by Notice published in the Gazette, appoint.
- Section 12 of the Virgin Islands Special Trusts Act, 2003 is amended in subsection (4) by deleting the words “section 58” and substituting the words “sections 58 and 58B”. Passed by the House of Assembly this 22nd day of April, 2021. (Sgd.) Julian Willock, Speaker. (Sgd.) Phyllis Evans, Clerk of the House of Assembly. Short title and commencement. Section 12 amended.