Code of Virginia (Last Updated:July 28, 2020) |
TITLE 13.1. Corporations |
CHAPTER 14. Virginia Business Trust Act |
ARTICLE 10. Annual Registration Fees |
SECTION 13.1-1251. Annual registration fees to be assessed and collected by Commission; application of payment |
SECTION 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 assessment that has remained unpaid for the longest period of time. 2002, c. 621 . |