Every bank shall appoint a bona fide resident of the United States Virgin Islands as its resident agent on whom service of legal process against it can be made, and service upon such resident agent shall constitute service on the bank by whom such resident agent was appointed. Each bank shall at all times keep the Lieutenant Governor informed, by letter signed by its duly authorized officer with the corporate seal of the bank affixed, of the name and address of its current resident agent. If any bank fails to appoint a resident agent for service of process, or if such agent dies, becomes incompetent, or cannot by the exercise of due diligence be found within the United States Virgin Islands, and, in any case, after its dissolution or merger or consolidation with another corporation, service of process may be had upon the Lieutenant Governor, and such return of service, when made upon the Lieutenant Governor, shall be valid service on the bank. Documents to be served in such cases shall be in triplicate, and the Lieutenant Governor shall promptly forward one set thereof to the principal executive officer of such bank, as disclosed by his current record, by registered or certified mail, return receipt requested, and the bank shall have thirty days from the date of such mailing in which to answer or otherwise take such action as may be appropriate. The Lieutenant Governor shall promptly transmit one set of such documents served to the Banking Board, and shall retain the third set, noting on the jacket thereof his actions taken and the dates thereof.