§ 13.1-1200. Short title
This chapter shall be known as the Virginia Business Trust Act. 2002, c. 621.
§ 13.1-1201. Definitions
As used in this chapter, unless the context requires a different meaning: “Articles of trust” means all documents constituting, at any particular time, the articles of trust of a business trust. “Articles of trust” includes the original articles of trust, the original certificate of trust issued by the Commission, and all amendments to the articles […]
§ 13.1-1202. Filing requirements
A. A document shall satisfy the requirements of this section, and of any other section that adds to or varies these requirements, to be entitled to be filed with the Commission. B. The document shall be one that this chapter requires or permits to be filed with the Commission. C. The document shall contain the […]
§ 13.1-1203. Issuance of certificate by Commission; recordation of documents
A. Whenever this chapter conditions the effectiveness of a document upon the issuance of a certificate by the Commission to evidence the effectiveness of the document, the Commission shall by order issue the certificate if it finds that the document complies with the provisions of this chapter and that all required fees have been paid. […]
§ 13.1-1204. Fees for filing documents and issuing certificates
The Commission shall charge and collect the following fees, except as provided in § 12.1-21.2: 1. For filing any one of the following, the fee shall be $100: a. Articles of trust. b. An application for registration as a foreign business trust. c. Articles of domestication. d. Articles of entity conversion. 2. For filing any […]
§ 13.1-1205. Unlawful to sign false documents; penalty
A. It shall be unlawful for any person to sign a document he knows is false in any material respect with intent that the document be delivered to the Commission for filing under this chapter. B. Any person who violates the provisions of this section is guilty of a Class 1 misdemeanor. 2002, c. 621.
§ 13.1-1206. Unlawful to transact or offer to transact business as a business trust; penalty
A. It shall be unlawful for any person to transact business in this Commonwealth as a business trust or to offer or advertise to transact business in this Commonwealth as a business trust unless the alleged business trust is either a domestic business trust or a foreign business trust authorized to transact business in this […]
§ 13.1-1207. Tax classification
For purposes of any tax imposed by Title 58.1, a business trust shall be classified as a corporation, an association, a partnership, a trust, a real estate investment trust, a regulated investment company or otherwise, as shall be determined under the United States Internal Revenue Code of 1986, as amended, or under any successor provision. […]
§ 13.1-1208. Separate legal entity
A business trust established in accordance with the provisions of this chapter is a separate legal entity. 2002, c. 621.