(a) When a person, copartnership, association or corporation subject to the provisions of this chapter shall cease to do business in the United States Virgin Islands, a certificate setting forth such fact and the date whereon it so ceased shall be filed with the Lieutenant Governor within ten days after the date such business ceases. Such certificate shall be sworn to and filed by a surviving partner, member of such association, or person so doing business, his executor or administrator. In the case of a corporation or limited liability company, such certificate shall be executed, acknowledged, and filed in the same manner as provided in section 1203, subsection (d) of this chapter.
(b) Failure to file such certificate at the time so required shall work a forfeiture of ten dollars to be recovered by the Lieutenant Governor in an action in his name against any surviving partner, any member of such association, any officer of such corporation, any member or manager or such limited liability company or any person so doing business, his executor or administrator.