{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1225.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1225.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1225.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1225.html"}],"law_id":67122,"edition_id":1,"section_id":67122,"structure_id":14569,"section_number":"13.1-1225","catch_line":"Limited liability","history":"2002, c. 621.","full_text":"Except to the extent otherwise expressly provided in the governing instrument of the business trust, the beneficial owners shall be entitled to the same limitation of personal liability extended to shareholders of a Virginia corporation formed under Chapter 9 (\u00a7 13.1-601 et seq.) of this title.","order_by":null,"text":{"0":{"id":243258,"text":"Except to the extent otherwise expressly provided in the governing instrument of the business trust, the beneficial owners shall be entitled to the same limitation of personal liability extended to shareholders of a Virginia corporation formed under Chapter 9 (\u00a7 13.1-601 et seq.) of this title.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14569,"edition_id":1,"name":"Beneficial Owners","identifier":"4","label":"article","depth":3,"order_by":1,"parent_id":12745,"metadata":{},"date_created":"2026-06-26 03:48:41","date_modified":"2026-06-26 03:48:41","permalink":{"id":149369,"object_type":"structure","relational_id":14569,"identifier":"4","token":"13.1\/14\/4","url":"\/13.1\/14\/4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12745,"edition_id":1,"name":"Virginia Business Trust Act","identifier":"14","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":149111,"object_type":"structure","relational_id":12745,"identifier":"14","token":"13.1\/14","url":"\/13.1\/14\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":82732,"structure_id":14569,"section_number":"13.1-1224","catch_line":"Beneficial owners","url":"\/13.1-1224\/","token":"13.1\/14\/4\/13.1-1224","metadata":false},{"id":67122,"structure_id":14569,"section_number":"13.1-1225","catch_line":"Limited liability","url":"\/13.1-1225\/","token":"13.1\/14\/4\/13.1-1225","metadata":false},{"id":61059,"structure_id":14569,"section_number":"13.1-1226","catch_line":"Beneficial interests","url":"\/13.1-1226\/","token":"13.1\/14\/4\/13.1-1226","metadata":false},{"id":56041,"structure_id":14569,"section_number":"13.1-1227","catch_line":"Distributions to beneficial owners","url":"\/13.1-1227\/","token":"13.1\/14\/4\/13.1-1227","metadata":false}],"previous_section":{"id":82732,"structure_id":14569,"section_number":"13.1-1224","catch_line":"Beneficial owners","url":"\/13.1-1224\/","token":"13.1\/14\/4\/13.1-1224","metadata":false},"next_section":{"id":61059,"structure_id":14569,"section_number":"13.1-1226","catch_line":"Beneficial interests","url":"\/13.1-1226\/","token":"13.1\/14\/4\/13.1-1226","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1225\/","history_text":"<p>This law was first created in 2002. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?021+ful+CHAP0621\">621<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":62759,"section_number":"13.1-601","catch_line":"Short title","order_by":null,"url":"\/13.1-601\/"}],"permalink":{"id":149375,"object_type":"law","relational_id":67122,"identifier":"13.1-1225","token":"13.1\/14\/4\/13.1-1225","url":"\/13.1-1225\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1225\/","token":"13.1\/14\/4\/13.1-1225","dublin_core":{"Title":"Limited liability","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1225","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Except to the extent otherwise expressly provided in the <span class=\"dictionary\">governing instrument<\/span> of the <span class=\"dictionary\">business trust<\/span>, the <span class=\"dictionary\">beneficial owners<\/span> shall be entitled to the same limitation of personal liability extended to shareholders of a Virginia corporation formed under Chapter 9 (\u00a7&nbsp;<a class=\"law\" title=\"Short title\" href=\"\/13.1-601\/\">13.1-601<\/a> et seq.) of this title.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nLIMITED LIABILITY (\u00a7 13.1-1225)\n\nExcept to the extent otherwise expressly provided in the governing instrument of\nthe business trust, the beneficial owners shall be entitled to the same\nlimitation of personal liability extended to shareholders of a Virginia\ncorporation formed under Chapter 9 (\u00a7 13.1-601 et seq.) of this title.\n\nHISTORY: 2002, c. 621.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}