Virginia Business Trust Act

  1. Law
  2. Code of Virginia
  3. Corporations
  4. Virginia Business Trust Act

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Section
13.1-1200

Short title

Section
13.1-1201

Definitions

Section
13.1-1202

Filing requirements

Section
13.1-1203

Issuance of certificate by Commission; recordation of documents

Section
13.1-1204

Fees for filing documents and issuing certificates

Section
13.1-1205

Unlawful to sign false documents; penalty

Section
13.1-1206

Unlawful to transact or offer to transact business as a business trust; penalty

Section
13.1-1207

Tax classification

Section
13.1-1208

Separate legal entity

Section
13.1-1209

Purposes

Section
13.1-1210

Powers

Section
13.1-1211

Formation

Section
13.1-1212

Articles of trust

Section
13.1-1213

Articles of correction

Section
13.1-1214

Name

Section
13.1-1215

Reserved name

Section
13.1-1216

Amendment of articles of trust

Section
13.1-1217

Restatement of articles of trust

Section
13.1-1218

Existence

Section
13.1-1219

Governing instrument

Section
13.1-1220

Registered office and registered agent

Section
13.1-1221

Change of registered office or registered agent

Section
13.1-1222

Resignation of registered agent

Section
13.1-1223

Service on business trust

Section
13.1-1224

Beneficial owners

Section
13.1-1225

Limited liability

Section
13.1-1226

Beneficial interests

Section
13.1-1227

Distributions to beneficial owners

Section
13.1-1228

Trustee management; limitation on duties and liabilities of others

Section
13.1-1229

Trustee standards of conduct; trustee liability; restrictions on liability limitations in governing instrument

Section
13.1-1230

Indemnification

Section
13.1-1231

Capacity to sue and be sued; process; liabilities and obligations; attachment; seizure of certain assets

Section
13.1-1232

Right of action

Section
13.1-1233

Payment of and security for expenses

Section
13.1-1234

Dissolution generally

Section
13.1-1235

Judicial dissolution

Section
13.1-1236

Winding up

Section
13.1-1237

Distribution of assets upon dissolution

Section
13.1-1238

Articles of cancellation

Section
13.1-1238.1

Automatic cancellation of business trust existence

Section
13.1-1238.2

Involuntary cancellation of business trust existence

Section
13.1-1239

Reinstatement of a business trust that has ceased to exist

Section
13.1-1240

Dissolution of series

Section
13.1-1241

Authority to transact business required; governing law

Section
13.1-1242

Application for certificate of registration

Section
13.1-1243

Repealed

Section
13.1-1244

Name

Section
13.1-1245

Amendments; amended applications for registration

Section
13.1-1246

Voluntary cancellation of certificate of registration

Section
13.1-1246.1

Automatic cancellation of registration

Section
13.1-1246.2

Involuntary cancellation of registration

Section
13.1-1246.3

Reinstatement of a certificate of registration that has been canceled

Section
13.1-1247

Transaction of business without registration; civil penalty

Section
13.1-1248

Actions by Attorney General

Section
13.1-1249

Transactions not constituting doing business

Section
13.1-1250

Merger of foreign business trust registered to transact business in Commonwealth

Section
13.1-1250.1

Entity conversion of foreign business trust registered to transact business in Commonwealth

Section
13.1-1251

Annual registration fees to be assessed and collected by Commission; application of payment

Section
13.1-1252

Assessment of annual registration fees; annual registration fee to be paid by domestic and foreign business trusts

Section
13.1-1253

Repealed

Section
13.1-1254

Penalty for failure to timely pay annual registration fees or file statement of change

Section
13.1-1255

Payment of fees, fines, penalties, and interest prerequisite to Commission action; refunds

Section
13.1-1256

Collection by suit and of unpaid bills

Section
13.1-1257

Authorization for merger

Section
13.1-1258

Approval

Section
13.1-1259

Exchange of securities; termination or amendment of merger

Section
13.1-1260

Repealed

Section
13.1-1261

Articles of merger

Section
13.1-1262

Governing instrument

Section
13.1-1263

Effect of merger

Section
13.1-1263.1

Abandonment of merger

Section
13.1-1264

Definitions

Section
13.1-1265

Domestication

Section
13.1-1266

Plan of domestication

Section
13.1-1267

Action on plan of domestication by a domestic business trust

Section
13.1-1268

Articles of domestication

Section
13.1-1269

Surrender of articles of trust upon domestication

Section
13.1-1270

Effect of domestication

Section
13.1-1271

Abandonment of domestication

Section
13.1-1272

Entity conversion

Section
13.1-1273

Plan of entity conversion

Section
13.1-1274

Action on plan of entity conversion

Section
13.1-1275

Articles of entity conversion

Section
13.1-1276

Effect of entity conversion

Section
13.1-1277

Abandonment of entity conversion

Section
13.1-1278

Trust records

Section
13.1-1279

Inspection of records by beneficial owners

Section
13.1-1280

Scope of inspection right

Section
13.1-1281

Court-ordered inspection

Section
13.1-1282

Construction and application of chapter and governing instrument

Section
13.1-1283

Reservation of power to amend or repeal

Section
13.1-1284

Application to existing real estate investment trusts and foreign business trusts

Section
13.1-1285

Property title records