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2019 Code of Virginia
Title 13.1 - Corporations
Chapter 14 - Virginia Business Trust Act
§ 13.1-1234. Dissolution generally
Universal Citation: VA Code § 13.1-1234 (2019)
A business trust organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:
1. At the time or on the happening of any events specified in writing in the articles of trust or a governing instrument;
2. Upon the unanimous written consent of the beneficial owners;
3. The entry of a decree of judicial dissolution under § 13.1-1235;
4. Automatic cancellation of its existence pursuant to § 13.1-1238.1; or
5. Involuntary cancellation of its existence pursuant to § 13.1-1238.2.
2002, c. 621; 2008, cc. 101, 588, 770; 2009, c. 167.
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