§ 13.1-1244. Name
A. No certificate of registration shall be issued to a foreign business trust unless the name of such foreign business trust satisfies the requirements of § 13.1-1214. B. If the name of a foreign business trust does not satisfy the requirements of § 13.1-1214, to obtain or maintain a certificate of registration to transact business […]
§ 13.1-1245. Amendments; amended applications for registration
A. Whenever the articles of trust or other constituent document of a foreign business trust that is registered to transact business in the Commonwealth is amended or corrected, the foreign business trust shall promptly file with the Commission a copy of the amendment or correction duly authenticated by the Secretary of State or other official […]
§ 13.1-1246. Voluntary cancellation of certificate of registration
A. A foreign business trust registered to transact business in the Commonwealth may apply to the Commission for a certificate of cancellation to cancel its certificate of registration. The application shall be on a form prescribed and furnished by the Commission, which shall set forth: 1. The name of the foreign business trust and the […]
§ 13.1-1246.1. Automatic cancellation of registration
A. Whether or not the notice described in subsection B of § 13.1-1254 is mailed, if any foreign business trust fails to pay its annual registration fee on or before December 31 of the year assessed, such foreign business trust shall automatically cease to be authorized to transact business in the Commonwealth and its certificate […]
§ 13.1-1246.2. Involuntary cancellation of registration
A. The certificate of registration to transact business in the Commonwealth of any foreign business trust may be canceled involuntarily by order of the Commission when it finds that the foreign business trust: 1. Has continued to exceed or abuse the authority conferred upon it by law; 2. Has failed to maintain a registered office […]
§ 13.1-1246.3. Reinstatement of a certificate of registration that has been canceled
A. A foreign business trust whose certificate of registration to transact business in the Commonwealth has been canceled may be relieved of the cancellation and have its certificate of registration reinstated by the Commission within five years of the date of cancellation unless the certificate of registration was canceled by order of the Commission entered […]
§ 13.1-1247. Transaction of business without registration; civil penalty
A. A foreign business trust transacting business in the Commonwealth shall not maintain any action, suit, or proceeding in any court of the Commonwealth until it has registered in the Commonwealth. B. The successor to a foreign business trust that transacted business in the Commonwealth without registering in the Commonwealth and the assignee of a […]
§ 13.1-1239. Reinstatement of a business trust that has ceased to exist
A. A business trust that has ceased to exist may apply to the Commission for reinstatement within five years thereafter, unless the cancellation was by order of the Commission (i) entered pursuant to subdivision A 1 of § 13.1-1238.2 or (ii) entered pursuant to § 13.1-1235 and the circuit court’s decree directing dissolution contains no […]
§ 13.1-1240. Dissolution of series
A. Except to the extent otherwise provided in the articles of trust or in the governing instrument of the business trust, a series established in accordance with § 13.1-1219 may be dissolved and its affairs wound up without causing the dissolution of the business trust or any other series. Unless otherwise provided in the articles […]
§ 13.1-1241. Authority to transact business required; governing law
A. A foreign business trust may not transact business in the Commonwealth until it obtains a certificate of registration from the Commission. B. Subject to the Constitution of the Commonwealth: 1. The laws of the state or other jurisdiction under which a foreign business trust is formed govern its formation and internal affairs and the […]