§ 13.1-1258. Approval
A. Unless otherwise provided in the articles of trust or the governing instrument of a business trust, a merger shall be approved by each business trust that is to merge by the affirmative vote of the trustees and the holders of two-thirds of the outstanding beneficial interests of such business trust. B. A merger need […]
§ 13.1-1259. Exchange of securities; termination or amendment of merger
In connection with a merger, rights or securities of, or interests in, a business trust or other business entity that is a constituent party to the merger may be exchanged for or converted into cash, property, rights, or securities of, or interests in, the successor business trust or any other business entity, whether or not […]
§ 13.1-1250.1. Entity conversion of foreign business trust registered to transact business in Commonwealth
A. Whenever a foreign business trust that is registered to transact business in the Commonwealth converts to another type of entity, the surviving or resulting entity shall, within 30 days after such entity conversion becomes effective, file with the Commission a copy of the instrument of entity conversion duly authenticated by the Secretary of State […]
§ 13.1-1251. Annual registration fees to be assessed and collected by Commission; application of payment
The Commission shall assess and collect the annual registration fees imposed by this chapter. When the Commission receives payment of a registration fee assessed against a domestic or foreign business trust, such payment shall be applied against any unpaid registration fees previously assessed against such business trust, including any penalties incurred thereon, beginning with the […]
§ 13.1-1252. Assessment of annual registration fees; annual registration fee to be paid by domestic and foreign business trusts
A. Every domestic business trust, and every foreign business trust registered to transact business in the Commonwealth, shall pay into the state treasury on or before October 1 in each year after the calendar year in which it was formed or registered to transact business in the Commonwealth an annual registration fee of $50, provided […]
§ 13.1-1253. Repealed
Repealed by Acts 2013, c. 25, cl. 2.
§ 13.1-1254. Penalty for failure to timely pay annual registration fees or file statement of change
A. Any domestic or any foreign business trust that fails to pay the annual registration fee into the state treasury within the time prescribed in § 13.1-1252 shall incur a penalty of $25, which shall be added to the amount of the annual registration fee due. The penalty prescribed herein shall be in addition to […]
§ 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 […]