{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1235.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1235.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1235.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1235.html"}],"law_id":76577,"edition_id":1,"section_id":76577,"structure_id":15125,"section_number":"13.1-1235","catch_line":"Judicial dissolution","history":"2002, c. 621; 2008, c. 101.","full_text":"A\n\nOn application by or for a beneficial owner, the circuit court of the city or county in which the registered office of the business trust is located may decree dissolution of a business trust if it is not reasonably practicable to carry on the business in conformity with the articles of trust and any governing instrument.B\n\nWhen the winding up of the affairs of the business trust has been completed, the court shall so advise the Commission, which shall enter an order of cancellation of the business trust’s existence.","order_by":null,"text":{"0":{"id":274896,"text":"On application by or for a beneficial owner, the circuit court of the city or county in which the registered office of the business trust is located may decree dissolution of a business trust if it is not reasonably practicable to carry on the business in conformity with the articles of trust and any governing instrument.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":274897,"text":"When the winding up of the affairs of the business trust has been completed, the court shall so advise the Commission, which shall enter an order of cancellation of the business trust’s existence.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15125,"edition_id":1,"name":"Dissolution","identifier":"8","label":"article","depth":3,"order_by":1,"parent_id":12745,"metadata":{},"date_created":"2026-06-26 03:52:18","date_modified":"2026-06-26 03:52:18","permalink":{"id":149417,"object_type":"structure","relational_id":15125,"identifier":"8","token":"13.1\/14\/8","url":"\/13.1\/14\/8\/","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":70888,"structure_id":15125,"section_number":"13.1-1234","catch_line":"Dissolution generally","url":"\/13.1-1234\/","token":"13.1\/14\/8\/13.1-1234","metadata":false},{"id":76577,"structure_id":15125,"section_number":"13.1-1235","catch_line":"Judicial dissolution","url":"\/13.1-1235\/","token":"13.1\/14\/8\/13.1-1235","metadata":false},{"id":71409,"structure_id":15125,"section_number":"13.1-1236","catch_line":"Winding up","url":"\/13.1-1236\/","token":"13.1\/14\/8\/13.1-1236","metadata":false},{"id":78638,"structure_id":15125,"section_number":"13.1-1237","catch_line":"Distribution of assets upon dissolution","url":"\/13.1-1237\/","token":"13.1\/14\/8\/13.1-1237","metadata":false},{"id":57615,"structure_id":15125,"section_number":"13.1-1238","catch_line":"Articles of cancellation","url":"\/13.1-1238\/","token":"13.1\/14\/8\/13.1-1238","metadata":false},{"id":60423,"structure_id":15125,"section_number":"13.1-1238.1","catch_line":"Automatic cancellation of business trust existence","url":"\/13.1-1238.1\/","token":"13.1\/14\/8\/13.1-1238.1","metadata":false},{"id":85409,"structure_id":15125,"section_number":"13.1-1238.2","catch_line":"Involuntary cancellation of business trust existence","url":"\/13.1-1238.2\/","token":"13.1\/14\/8\/13.1-1238.2","metadata":false},{"id":82140,"structure_id":15125,"section_number":"13.1-1239","catch_line":"Reinstatement of a business trust that has ceased to exist","url":"\/13.1-1239\/","token":"13.1\/14\/8\/13.1-1239","metadata":false},{"id":82921,"structure_id":15125,"section_number":"13.1-1240","catch_line":"Dissolution of series","url":"\/13.1-1240\/","token":"13.1\/14\/8\/13.1-1240","metadata":false}],"previous_section":{"id":70888,"structure_id":15125,"section_number":"13.1-1234","catch_line":"Dissolution generally","url":"\/13.1-1234\/","token":"13.1\/14\/8\/13.1-1234","metadata":false},"next_section":{"id":71409,"structure_id":15125,"section_number":"13.1-1236","catch_line":"Winding up","url":"\/13.1-1236\/","token":"13.1\/14\/8\/13.1-1236","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1235\/","history_text":"

This law was first created in 2002. The record of its establishment is cataloged in chapter 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. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2008, chapter 101<\/a>.<\/p>","references":[{"id":70888,"section_number":"13.1-1234","catch_line":"Dissolution generally","order_by":null,"url":"\/13.1-1234\/"},{"id":82140,"section_number":"13.1-1239","catch_line":"Reinstatement of a business trust that has ceased to exist","order_by":null,"url":"\/13.1-1239\/"}],"refers_to":false,"permalink":{"id":149423,"object_type":"law","relational_id":76577,"identifier":"13.1-1235","token":"13.1\/14\/8\/13.1-1235","url":"\/13.1-1235\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1235\/","token":"13.1\/14\/8\/13.1-1235","dublin_core":{"Title":"Judicial dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1235","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> On application by or for a beneficial owner<\/span>, the circuit<\/span> court<\/span> of the city or county in which the registered office of the business trust<\/span> is located may decree<\/span> dissolution of a business trust<\/span> if it is not reasonably practicable to carry on the business in conformity with the articles of trust<\/span> and any governing instrument<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> When the winding up of the affairs of the business trust<\/span> has been completed, the court<\/span> shall so advise the Commission<\/span>, which shall enter an order<\/span> of cancellation of the business trust<\/span>’s existence. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nJUDICIAL DISSOLUTION (\u00a7 13.1-1235)\n\nA. On application by or for a beneficial owner, the circuit court of the city or\ncounty in which the registered office of the business trust is located may\ndecree dissolution of a business trust if it is not reasonably practicable to\ncarry on the business in conformity with the articles of trust and any governing\ninstrument.\n\nB. When the winding up of the affairs of the business trust has been completed,\nthe court shall so advise the Commission, which shall enter an order of\ncancellation of the business trust’s existence.\n\nHISTORY: 2002, c. 621; 2008, c. 101.","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}}