Regulatory AlertsProperty (Miscellaneous Provisions) Act (Revised 2020)
The Government of the Virgin Islands enacted this revised Act to modernize property dispositions by relaxing formal execution requirements for deeds and clarifying corporate ownership rights. The legislation validates instruments signed with witness attestation or executed under an individual’s direction, while explicitly permitting bodies corporate to hold real and personal property in joint tenancy with standard devolution rules. These provisions apply prospectively and retrospectively to all trusts, instruments, and joint tenancies, guaranteeing that pre-commencement creations remain legally valid.
Share