(a) Any foreign corporation, which has qualified to do business in the United States Virgin Islands by filing a certificate of the same kind and nature, and executed as required by section 401 of this title, may change its agent and substitute another agent for the purposes of this chapter. Every agent shall at the time of his appointment be an individual resident in the United States Virgin Islands or a corporation located in the United States Virgin Islands.
(b) Any individual or corporation that has been designated by a foreign corporation as its authorized agent for service of process may resign by filing with the Lieutenant Governor a signed statement that he or it is unwilling to continue to act as the agent of the corporation for service of process, including in the statement the post-office address of the corporation. Upon the expiration of 30 days after the filing of the statement with the Lieutenant Governor, the capacity of the individual or corporation, as agent, shall terminate. Upon the filing of the statement, the Lieutenant Governor forthwith shall give written notice, by mail to the corporation of the filing of the statement, which notice shall be addressed to the corporation at the post-office address given in the statement.
(c) If any agent designated and certified as required by section 401 of this title dies or removes from the United States Virgin Islands, or resigns, then the foreign corporation for which the agent had been so designated and certified shall, within ten days after the death, removal or resignation of its agent, substitute, designate and certify to the Lieutenant Governor the name of another agent for the purposes of this chapter and all process, orders, rules and notices mentioned in section 404 of this title may be served on or given to the substituted agent with like effect as is prescribed in said section.