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2013 SESSION

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HB 2113 Virginia Business Trust Act; modifies provisions.

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Virginia Business Trust Act. Modifies provisions of the Virginia Business Trust Act in order to (i) bring to a single location the standard for a foreign business trust's signing of a document that is to be filed in the Clerk's Office of the State Corporation Commission, (ii) authorize a business trust to petition the State Corporation Commission for an order to eliminate the effects of clerical errors, (iii) require the inclusion of a business trust's identification number in certain documents to be filed in the Clerk's Office, (iv) bring annual registration fee assessment provisions into alignment with those applicable to other business entities, and (v) provide that business trust names are subject to provisions regarding noncompliance. The measure also includes technical amendments.


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