{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1271.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1271.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1271.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1271.html"}],"law_id":61835,"edition_id":1,"section_id":61835,"structure_id":14540,"section_number":"13.1-1271","catch_line":"Abandonment of domestication","history":"2002, c. 621; 2021, Sp. Sess. I, c. 487.","full_text":"A\n\nUnless otherwise provided in the plan of domestication, after a plan of domestication has been approved by a domestic business trust as required by this article, and at any time before the certificate of trust surrender or certificate of domestication has become effective, the plan may be abandoned by the business trust without action by its trustees in accordance with any procedures set forth in the plan or, if no such procedures are set forth in the plan, by a vote of the trustees that is equal to or greater than the vote cast for the plan of domestication pursuant to § 13.1-1267.B\n\nA domesticating business trust that is a foreign business trust may abandon its domestication to a domestic business trust in the manner prescribed by its organic law.C\n\nIf a domestication is abandoned after articles of trust surrender or articles of domestication have been filed with the Commission but before the certificate of trust surrender or certificate of domestication has become effective, a statement of abandonment signed by the domesticating business trust shall be delivered to the Commission for filing prior to the effective time and date of the certificate of trust surrender or certificate of domestication. If the Commission finds that the statement of abandonment complies with the requirements of law, it shall issue a certificate of abandonment, effective as of the date and time the statement of abandonment was received by the Commission, and the domestication shall be deemed abandoned and shall not become effective.D\n\nThe statement of abandonment shall contain:1\n\nThe name of the domesticating business trust and its jurisdiction of formation;2\n\nWhen the domesticating business trust is a foreign business trust, the name of the domesticated business trust set forth in the articles of domestication;3\n\nThe date on which the articles of trust surrender or articles of domestication were filed with the Commission;4\n\nThe date and time on which the Commission’s certificate of trust surrender or certificate of domestication becomes effective; and5\n\nA statement that the domestication is being abandoned in accordance with this section or, when the domesticating business trust is a foreign business trust, a statement that the foreign business trust abandoned the domestication as required by its organic law.","order_by":null,"text":{"0":{"id":225799,"text":"Unless otherwise provided in the plan of domestication, after a plan of domestication has been approved by a domestic business trust as required by this article, and at any time before the certificate of trust surrender or certificate of domestication has become effective, the plan may be abandoned by the business trust without action by its trustees in accordance with any procedures set forth in the plan or, if no such procedures are set forth in the plan, by a vote of the trustees that is equal to or greater than the vote cast for the plan of domestication pursuant to § 13.1-1267.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":225800,"text":"A domesticating business trust that is a foreign business trust may abandon its domestication to a domestic business trust in the manner prescribed by its organic law.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":225801,"text":"If a domestication is abandoned after articles of trust surrender or articles of domestication have been filed with the Commission but before the certificate of trust surrender or certificate of domestication has become effective, a statement of abandonment signed by the domesticating business trust shall be delivered to the Commission for filing prior to the effective time and date of the certificate of trust surrender or certificate of domestication. If the Commission finds that the statement of abandonment complies with the requirements of law, it shall issue a certificate of abandonment, effective as of the date and time the statement of abandonment was received by the Commission, and the domestication shall be deemed abandoned and shall not become effective.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"3":{"id":225802,"text":"The statement of abandonment shall contain:","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"D1"},"4":{"id":225803,"text":"The name of the domesticating business trust and its jurisdiction of formation;","type":"section","prefixes":["D","1"],"prefix":"1","entire_prefix":"D1","prefix_anchor":"D1","level":2,"prior_prefix":"D","next_prefix":"D2"},"5":{"id":225804,"text":"When the domesticating business trust is a foreign business trust, the name of the domesticated business trust set forth in the articles of domestication;","type":"section","prefixes":["D","2"],"prefix":"2","entire_prefix":"D2","prefix_anchor":"D2","level":2,"prior_prefix":"D1","next_prefix":"D3"},"6":{"id":225805,"text":"The date on which the articles of trust surrender or articles of domestication were filed with the Commission;","type":"section","prefixes":["D","3"],"prefix":"3","entire_prefix":"D3","prefix_anchor":"D3","level":2,"prior_prefix":"D2","next_prefix":"D4"},"7":{"id":225806,"text":"The date and time on which the Commission’s certificate of trust surrender or certificate of domestication becomes effective; and","type":"section","prefixes":["D","4"],"prefix":"4","entire_prefix":"D4","prefix_anchor":"D4","level":2,"prior_prefix":"D3","next_prefix":"D5"},"8":{"id":225807,"text":"A statement that the domestication is being abandoned in accordance with this section or, when the domesticating business trust is a foreign business trust, a statement that the foreign business trust abandoned the domestication as required by its organic law.","type":"section","prefixes":["D","5"],"prefix":"5","entire_prefix":"D5","prefix_anchor":"D5","level":2,"prior_prefix":"D4"}},"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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1271\/","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":false,"refers_to":false,"permalink":{"id":149241,"object_type":"law","relational_id":61835,"identifier":"13.1-1271","token":"13.1\/14\/12\/13.1-1271","url":"\/13.1-1271\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1271\/","token":"13.1\/14\/12\/13.1-1271","dublin_core":{"Title":"Abandonment of domestication","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1271","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Unless otherwise provided in the plan of domestication<\/span>, after a plan of domestication<\/span> has been approved by a domestic business trust<\/span> as required by this article, and at any time before the certificate of trust surrender<\/span> or certificate of domestication<\/span> has become effective, the plan may be abandoned by the business trust without action by its trustees<\/span> in accordance with any procedures set forth in the plan or, if no such procedures are set forth in the plan, by a vote of the trustees<\/span> that is equal to or greater than the vote cast for the plan of domestication<\/span> pursuant to § 13.1-1267<\/a>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A domesticating business trust<\/span> that is a foreign business trust<\/span> may abandon its domestication<\/span> to a domestic business trust<\/span> in the manner prescribed by its organic law<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> If a domestication<\/span> is abandoned after articles of trust<\/span> surrender or articles of domestication<\/span> have been filed with the Commission<\/span> but before the certificate of trust surrender<\/span> or certificate of domestication<\/span> has become effective, a statement of abandonment signed by the domesticating business trust<\/span> shall be delivered to the Commission<\/span> for filing prior to the effective time and date of the certificate of trust surrender<\/span> or certificate of domestication<\/span>. If the Commission<\/span> finds that the statement of abandonment complies with the requirements of law, it shall issue<\/span> a certificate of abandonment, effective as of the date and time the statement of abandonment was received by the Commission<\/span>, and the domestication<\/span> shall be deemed abandoned and shall not become effective. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> The statement of abandonment shall contain: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> The name of the domesticating business trust<\/span> and its jurisdiction of formation<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> When the domesticating business trust<\/span> is a foreign business trust<\/span>, the name of the domesticated business trust<\/span> set forth in the articles of domestication<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> The date on which the articles of trust<\/span> surrender or articles of domestication<\/span> were filed with the Commission<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> The date and time on which the Commission<\/span>’s certificate of trust surrender<\/span> or certificate of domestication<\/span> becomes effective; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> A statement that the domestication<\/span> is being abandoned in accordance with this section or, when the domesticating business trust<\/span> is a foreign business trust<\/span>, a statement that the foreign business trust<\/span> abandoned the domestication<\/span> as required by its organic law<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nABANDONMENT OF DOMESTICATION (\u00a7 13.1-1271)\n\nA. Unless otherwise provided in the plan of domestication, after a plan of\ndomestication has been approved by a domestic business trust as required by this\narticle, and at any time before the certificate of trust surrender or\ncertificate of domestication has become effective, the plan may be abandoned by\nthe business trust without action by its trustees in accordance with any\nprocedures set forth in the plan or, if no such procedures are set forth in the\nplan, by a vote of the trustees that is equal to or greater than the vote cast\nfor the plan of domestication pursuant to § 13.1-1267.\n\nB. A domesticating business trust that is a foreign business trust may abandon\nits domestication to a domestic business trust in the manner prescribed by its\norganic law.\n\nC. If a domestication is abandoned after articles of trust surrender or articles\nof domestication have been filed with the Commission but before the certificate\nof trust surrender or certificate of domestication has become effective, a\nstatement of abandonment signed by the domesticating business trust shall be\ndelivered to the Commission for filing prior to the effective time and date of\nthe certificate of trust surrender or certificate of domestication. If the\nCommission finds that the statement of abandonment complies with the\nrequirements of law, it shall issue a certificate of abandonment, effective as\nof the date and time the statement of abandonment was received by the\nCommission, and the domestication shall be deemed abandoned and shall not become\neffective.\n\nD. The statement of abandonment shall contain:\n\n 1. The name of the domesticating business trust and its jurisdiction of\n formation;\n\n 2. When the domesticating business trust is a foreign business trust, the name\n of the domesticated business trust set forth in the articles of domestication;\n\n 3. The date on which the articles of trust surrender or articles of\n domestication were filed with the Commission;\n\n 4. The date and time on which the Commission’s certificate of trust\n surrender or certificate of domestication becomes effective; and\n\n 5. A statement that the domestication is being abandoned in accordance with\n this section or, when the domesticating business trust is a foreign business\n trust, a statement that the foreign business trust abandoned the domestication\n as required by its organic law.\n\nHISTORY: 2002, c. 621; 2021, Sp. Sess. I, c. 487.","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}}