Code of Virginia (Last Updated:July 28, 2020) |
TITLE 13.1. Corporations |
CHAPTER 14. Virginia Business Trust Act |
ARTICLE 1. General Provisions |
SECTION 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 Commonwealth. B. Any person who violates the provisions of this section is guilty of a Class 1 misdemeanor. 2002, c. 621 . |