{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1241.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1241.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1241.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1241.html"}],"law_id":77250,"edition_id":1,"section_id":77250,"structure_id":15409,"section_number":"13.1-1241","catch_line":"Authority to transact business required; governing law","history":"2002, c. 621; 2008, c. 101.","full_text":"A\n\nA foreign business trust may not transact business in the Commonwealth until it obtains a certificate of registration from the Commission.B\n\nSubject to the Constitution of the Commonwealth:1\n\nThe laws of the state or other jurisdiction under which a foreign business trust is formed govern its formation and internal affairs and the liability of its beneficial owners and trustees; and2\n\nA foreign business trust may not be denied a certificate of registration by reason of any difference between those laws and the laws of the Commonwealth.\n\t\t\t\tHowever, a foreign business trust holding a valid certificate of registration to transact business in the Commonwealth shall have no greater rights and privileges than a domestic business trust. The certificate of registration shall not be deemed to authorize the foreign business trust to exercise any of its powers or purposes that a domestic business trust is forbidden by law to exercise in the Commonwealth.","order_by":null,"text":{"0":{"id":277111,"text":"A foreign business trust may not transact business in the Commonwealth until it obtains a certificate of registration from the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":277112,"text":"Subject to the Constitution of the Commonwealth:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":277113,"text":"The laws of the state or other jurisdiction under which a foreign business trust is formed govern its formation and internal affairs and the liability of its beneficial owners and trustees; and","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":277114,"text":"A foreign business trust may not be denied a certificate of registration by reason of any difference between those laws and the laws of the Commonwealth.\n\t\t\t\tHowever, a foreign business trust holding a valid certificate of registration to transact business in the Commonwealth shall have no greater rights and privileges than a domestic business trust. The certificate of registration shall not be deemed to authorize the foreign business trust to exercise any of its powers or purposes that a domestic business trust is forbidden by law to exercise in the Commonwealth.","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1"}},"ancestry":[{"id":15409,"edition_id":1,"name":"Foreign Business Trusts","identifier":"9","label":"article","depth":3,"order_by":1,"parent_id":12745,"metadata":{},"date_created":"2026-06-26 03:54:42","date_modified":"2026-06-26 03:54:42","permalink":{"id":149455,"object_type":"structure","relational_id":15409,"identifier":"9","token":"13.1\/14\/9","url":"\/13.1\/14\/9\/","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":77250,"structure_id":15409,"section_number":"13.1-1241","catch_line":"Authority to transact business required; governing law","url":"\/13.1-1241\/","token":"13.1\/14\/9\/13.1-1241","metadata":false},{"id":65259,"structure_id":15409,"section_number":"13.1-1242","catch_line":"Application for certificate of registration","url":"\/13.1-1242\/","token":"13.1\/14\/9\/13.1-1242","metadata":false},{"id":69880,"structure_id":15409,"section_number":"13.1-1243","catch_line":"Repealed","url":"\/13.1-1243\/","token":"13.1\/14\/9\/13.1-1243","metadata":false},{"id":83737,"structure_id":15409,"section_number":"13.1-1244","catch_line":"Name","url":"\/13.1-1244\/","token":"13.1\/14\/9\/13.1-1244","metadata":false},{"id":87189,"structure_id":15409,"section_number":"13.1-1245","catch_line":"Amendments; amended applications for registration","url":"\/13.1-1245\/","token":"13.1\/14\/9\/13.1-1245","metadata":false},{"id":80776,"structure_id":15409,"section_number":"13.1-1246","catch_line":"Voluntary cancellation of certificate of registration","url":"\/13.1-1246\/","token":"13.1\/14\/9\/13.1-1246","metadata":false},{"id":66132,"structure_id":15409,"section_number":"13.1-1246.1","catch_line":"Automatic cancellation of registration","url":"\/13.1-1246.1\/","token":"13.1\/14\/9\/13.1-1246.1","metadata":false},{"id":58680,"structure_id":15409,"section_number":"13.1-1246.2","catch_line":"Involuntary cancellation of registration","url":"\/13.1-1246.2\/","token":"13.1\/14\/9\/13.1-1246.2","metadata":false},{"id":75732,"structure_id":15409,"section_number":"13.1-1246.3","catch_line":"Reinstatement of a certificate of registration that has been canceled","url":"\/13.1-1246.3\/","token":"13.1\/14\/9\/13.1-1246.3","metadata":false},{"id":64625,"structure_id":15409,"section_number":"13.1-1247","catch_line":"Transaction of business without registration; civil penalty","url":"\/13.1-1247\/","token":"13.1\/14\/9\/13.1-1247","metadata":false},{"id":67656,"structure_id":15409,"section_number":"13.1-1248","catch_line":"Actions by Attorney General","url":"\/13.1-1248\/","token":"13.1\/14\/9\/13.1-1248","metadata":false},{"id":59725,"structure_id":15409,"section_number":"13.1-1249","catch_line":"Transactions not constituting doing business","url":"\/13.1-1249\/","token":"13.1\/14\/9\/13.1-1249","metadata":false},{"id":80217,"structure_id":15409,"section_number":"13.1-1250","catch_line":"Merger of foreign business trust registered to transact business in Commonwealth","url":"\/13.1-1250\/","token":"13.1\/14\/9\/13.1-1250","metadata":false},{"id":59164,"structure_id":15409,"section_number":"13.1-1250.1","catch_line":"Entity conversion of foreign business trust registered to transact business in Commonwealth","url":"\/13.1-1250.1\/","token":"13.1\/14\/9\/13.1-1250.1","metadata":false}],"next_section":{"id":65259,"structure_id":15409,"section_number":"13.1-1242","catch_line":"Application for certificate of registration","url":"\/13.1-1242\/","token":"13.1\/14\/9\/13.1-1242","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1241\/","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":56811,"section_number":"13.1-1220","catch_line":"Registered office and registered agent","order_by":null,"url":"\/13.1-1220\/"},{"id":58042,"section_number":"13.1-1268","catch_line":"Articles of domestication","order_by":null,"url":"\/13.1-1268\/"}],"refers_to":false,"permalink":{"id":149457,"object_type":"law","relational_id":77250,"identifier":"13.1-1241","token":"13.1\/14\/9\/13.1-1241","url":"\/13.1-1241\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1241\/","token":"13.1\/14\/9\/13.1-1241","dublin_core":{"Title":"Authority to transact business required; governing law","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1241","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A foreign business trust<\/span> may not transact business in the Commonwealth until it obtains a certificate of registration from the Commission<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Subject to the Constitution of the Commonwealth: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The laws<\/span> of the state or other jurisdiction<\/span> under which a foreign business trust<\/span> is formed govern its formation and internal affairs and the liability of its beneficial owners<\/span> and trustees<\/span>; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> A foreign business trust<\/span> may not be denied a certificate of registration by reason of any difference between those laws<\/span> and the laws<\/span> of the Commonwealth.\n\t\t\t\tHowever, a foreign business trust<\/span> holding a valid certificate of registration to transact business in the Commonwealth shall have no greater rights and privileges<\/span> than a domestic business trust<\/span>. The certificate of registration shall not be deemed to authorize the foreign business trust<\/span> to exercise any of its powers or purposes that a domestic business trust<\/span> is forbidden by law<\/span> to exercise in the Commonwealth. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAUTHORITY TO TRANSACT BUSINESS REQUIRED; GOVERNING LAW (\u00a7 13.1-1241)\n\nA. A foreign business trust may not transact business in the Commonwealth until\nit obtains a certificate of registration from the Commission.\n\nB. Subject to the Constitution of the Commonwealth:\n\n 1. The laws of the state or other jurisdiction under which a foreign business\n trust is formed govern its formation and internal affairs and the liability of\n its beneficial owners and trustees; and\n\n 2. A foreign business trust may not be denied a certificate of registration by\n reason of any difference between those laws and the laws of the Commonwealth.\n \t\t\t\tHowever, a foreign business trust holding a valid certificate of\n registration to transact business in the Commonwealth shall have no greater\n rights and privileges than a domestic business trust. The certificate of\n registration shall not be deemed to authorize the foreign business trust to\n exercise any of its powers or purposes that a domestic business trust is\n forbidden by law to exercise in the Commonwealth.\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}}