{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1267.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1267.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1267.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1267.html"}],"law_id":59114,"edition_id":1,"section_id":59114,"structure_id":14540,"section_number":"13.1-1267","catch_line":"Action on plan of domestication by a domestic business trust","history":"2002, c. 621.","full_text":"A\n\nThe plan of domestication shall be approved by the trustees of the domestic business trust in the manner provided in the business trust’s governing instrument or articles of trust for amendments or, if no such provision is made in a governing instrument or articles of trust, by the sole trustee or a majority of the trustees of the business trust.B\n\nThe business trust shall notify each trustee, whether or not entitled to vote, and each member of a voting group of the proposed trustees’ meeting at which the plan of domestication is to be submitted for approval. The notice, which shall be given no less than twenty-five nor more than sixty days before the meeting date, shall state that a purpose of the meeting is to consider the plan of domestication and shall contain or be accompanied by a copy of the plan.","order_by":null,"text":{"0":{"id":216764,"text":"The plan of domestication shall be approved by the trustees of the domestic business trust in the manner provided in the business trust’s governing instrument or articles of trust for amendments or, if no such provision is made in a governing instrument or articles of trust, by the sole trustee or a majority of the trustees of the business trust.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":216765,"text":"The business trust shall notify each trustee, whether or not entitled to vote, and each member of a voting group of the proposed trustees’ meeting at which the plan of domestication is to be submitted for approval. The notice, which shall be given no less than twenty-five nor more than sixty days before the meeting date, shall state that a purpose of the meeting is to consider the plan of domestication and shall contain or be accompanied by a copy of the plan.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14540,"edition_id":1,"name":"Domestication and Conversion","identifier":"12","label":"article","depth":3,"order_by":1,"parent_id":12745,"metadata":{},"date_created":"2026-06-26 03:48:35","date_modified":"2026-06-26 03:48:35","permalink":{"id":149211,"object_type":"structure","relational_id":14540,"identifier":"12","token":"13.1\/14\/12","url":"\/13.1\/14\/12\/","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":79485,"structure_id":14540,"section_number":"13.1-1264","catch_line":"Definitions","url":"\/13.1-1264\/","token":"13.1\/14\/12\/13.1-1264","metadata":false},{"id":67797,"structure_id":14540,"section_number":"13.1-1265","catch_line":"Domestication","url":"\/13.1-1265\/","token":"13.1\/14\/12\/13.1-1265","metadata":false},{"id":67129,"structure_id":14540,"section_number":"13.1-1266","catch_line":"Plan of domestication","url":"\/13.1-1266\/","token":"13.1\/14\/12\/13.1-1266","metadata":false},{"id":59114,"structure_id":14540,"section_number":"13.1-1267","catch_line":"Action on plan of domestication by a domestic business trust","url":"\/13.1-1267\/","token":"13.1\/14\/12\/13.1-1267","metadata":false},{"id":58042,"structure_id":14540,"section_number":"13.1-1268","catch_line":"Articles of domestication","url":"\/13.1-1268\/","token":"13.1\/14\/12\/13.1-1268","metadata":false},{"id":69025,"structure_id":14540,"section_number":"13.1-1269","catch_line":"Surrender of articles of trust upon domestication","url":"\/13.1-1269\/","token":"13.1\/14\/12\/13.1-1269","metadata":false},{"id":64123,"structure_id":14540,"section_number":"13.1-1270","catch_line":"Effect of domestication","url":"\/13.1-1270\/","token":"13.1\/14\/12\/13.1-1270","metadata":false},{"id":61835,"structure_id":14540,"section_number":"13.1-1271","catch_line":"Abandonment of domestication","url":"\/13.1-1271\/","token":"13.1\/14\/12\/13.1-1271","metadata":false},{"id":55993,"structure_id":14540,"section_number":"13.1-1272","catch_line":"Entity conversion","url":"\/13.1-1272\/","token":"13.1\/14\/12\/13.1-1272","metadata":false},{"id":60773,"structure_id":14540,"section_number":"13.1-1273","catch_line":"Plan of entity conversion","url":"\/13.1-1273\/","token":"13.1\/14\/12\/13.1-1273","metadata":false},{"id":74923,"structure_id":14540,"section_number":"13.1-1274","catch_line":"Action on plan of entity conversion","url":"\/13.1-1274\/","token":"13.1\/14\/12\/13.1-1274","metadata":false},{"id":70667,"structure_id":14540,"section_number":"13.1-1275","catch_line":"Articles of entity conversion","url":"\/13.1-1275\/","token":"13.1\/14\/12\/13.1-1275","metadata":false},{"id":80893,"structure_id":14540,"section_number":"13.1-1276","catch_line":"Effect of entity conversion","url":"\/13.1-1276\/","token":"13.1\/14\/12\/13.1-1276","metadata":false},{"id":61804,"structure_id":14540,"section_number":"13.1-1277","catch_line":"Abandonment of entity conversion","url":"\/13.1-1277\/","token":"13.1\/14\/12\/13.1-1277","metadata":false}],"previous_section":{"id":67129,"structure_id":14540,"section_number":"13.1-1266","catch_line":"Plan of domestication","url":"\/13.1-1266\/","token":"13.1\/14\/12\/13.1-1266","metadata":false},"next_section":{"id":58042,"structure_id":14540,"section_number":"13.1-1268","catch_line":"Articles of domestication","url":"\/13.1-1268\/","token":"13.1\/14\/12\/13.1-1268","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1267\/","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.<\/p>","references":[{"id":79485,"section_number":"13.1-1264","catch_line":"Definitions","order_by":null,"url":"\/13.1-1264\/"},{"id":69025,"section_number":"13.1-1269","catch_line":"Surrender of articles of trust upon domestication","order_by":null,"url":"\/13.1-1269\/"}],"refers_to":false,"permalink":{"id":149225,"object_type":"law","relational_id":59114,"identifier":"13.1-1267","token":"13.1\/14\/12\/13.1-1267","url":"\/13.1-1267\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1267\/","token":"13.1\/14\/12\/13.1-1267","dublin_core":{"Title":"Action on plan of domestication by a domestic business trust","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1267","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The plan of domestication<\/span> shall be approved by the trustees<\/span> of the domestic business trust<\/span> in the manner provided in the business trust’s governing instrument<\/span> or articles of trust<\/span> for amendments or, if no such provision is made in a governing instrument<\/span> or articles of trust<\/span>, by the sole trustee<\/span> or a majority of the trustees<\/span> of the business trust. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The business trust shall notify each trustee<\/span>, whether or not entitled to vote, and each member of a voting group of the proposed trustees<\/span>’ meeting at which the plan of domestication<\/span> is to be submitted for approval. The notice, which shall be given no less than twenty-five nor more than sixty days before the meeting date, shall state that a purpose of the meeting is to consider the plan of domestication<\/span> and shall contain or be accompanied by a copy of the plan. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nACTION ON PLAN OF DOMESTICATION BY A DOMESTIC BUSINESS TRUST (\u00a7 13.1-1267)\n\nA. The plan of domestication shall be approved by the trustees of the domestic\nbusiness trust in the manner provided in the business trust’s governing\ninstrument or articles of trust for amendments or, if no such provision is made\nin a governing instrument or articles of trust, by the sole trustee or a\nmajority of the trustees of the business trust.\n\nB. The business trust shall notify each trustee, whether or not entitled to\nvote, and each member of a voting group of the proposed trustees’ meeting\nat which the plan of domestication is to be submitted for approval. The notice,\nwhich shall be given no less than twenty-five nor more than sixty days before\nthe meeting date, shall state that a purpose of the meeting is to consider the\nplan of domestication and shall contain or be accompanied by a copy of the plan.\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}}