{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-1282.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-1282.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-1282.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-1282.html"}],"law_id":78652,"edition_id":1,"section_id":78652,"structure_id":13947,"section_number":"13.1-1282","catch_line":"Construction and application of chapter and governing instrument","history":"2002, c. 621.","full_text":"A\n\nThe rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.B\n\nThis chapter shall be construed in furtherance of the policies of giving maximum effect to the principle of freedom of contract and of enforcing governing instruments.C\n\nTo the extent any provision of this chapter is inconsistent with the provisions of Sections 856 through 859 of the United States Internal Revenue Code of 1986, as amended, or any successor provision, such provisions of the Internal Revenue Code shall prevail with respect to any business trust formed under this chapter that also qualifies as a real estate investment trust under such provisions.","order_by":null,"text":{"0":{"id":281829,"text":"The rule that statutes in derogation of the common law are to be strictly construed shall have no application to this chapter.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":281830,"text":"This chapter shall be construed in furtherance of the policies of giving maximum effect to the principle of freedom of contract and of enforcing governing instruments.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":281831,"text":"To the extent any provision of this chapter is inconsistent with the provisions of Sections 856 through 859 of the United States Internal Revenue Code of 1986, as amended, or any successor provision, such provisions of the Internal Revenue Code shall prevail with respect to any business trust formed under this chapter that also qualifies as a real estate investment trust under such provisions.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13947,"edition_id":1,"name":"Miscellaneous","identifier":"14","label":"article","depth":3,"order_by":1,"parent_id":12745,"metadata":{},"date_created":"2026-06-26 03:46:23","date_modified":"2026-06-26 03:46:23","permalink":{"id":149287,"object_type":"structure","relational_id":13947,"identifier":"14","token":"13.1\/14\/14","url":"\/13.1\/14\/14\/","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":78652,"structure_id":13947,"section_number":"13.1-1282","catch_line":"Construction and application of chapter and governing instrument","url":"\/13.1-1282\/","token":"13.1\/14\/14\/13.1-1282","metadata":false},{"id":65044,"structure_id":13947,"section_number":"13.1-1283","catch_line":"Reservation of power to amend or repeal","url":"\/13.1-1283\/","token":"13.1\/14\/14\/13.1-1283","metadata":false},{"id":55004,"structure_id":13947,"section_number":"13.1-1284","catch_line":"Application to existing real estate investment trusts and foreign business trusts","url":"\/13.1-1284\/","token":"13.1\/14\/14\/13.1-1284","metadata":false},{"id":55308,"structure_id":13947,"section_number":"13.1-1285","catch_line":"Property title records","url":"\/13.1-1285\/","token":"13.1\/14\/14\/13.1-1285","metadata":false}],"next_section":{"id":65044,"structure_id":13947,"section_number":"13.1-1283","catch_line":"Reservation of power to amend or repeal","url":"\/13.1-1283\/","token":"13.1\/14\/14\/13.1-1283","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-1282\/","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":149289,"object_type":"law","relational_id":78652,"identifier":"13.1-1282","token":"13.1\/14\/14\/13.1-1282","url":"\/13.1-1282\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-1282\/","token":"13.1\/14\/14\/13.1-1282","dublin_core":{"Title":"Construction and application of chapter and governing instrument","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1282","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The rule that statutes<\/span> in derogation of the common law<\/span> are to be strictly construed shall have no application to this chapter. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> This chapter shall be construed in furtherance of the policies of giving maximum effect to the principle of freedom of contract<\/span> and of enforcing governing instruments<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> To the extent any provision of this chapter is inconsistent with the provisions of Sections 856 through 859 of the United States<\/span> Internal Revenue Code of 1986, as amended, or any successor provision, such provisions of the Internal Revenue Code shall prevail with respect to any business trust<\/span> formed under this chapter that also qualifies as a real estate investment trust under such provisions. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCONSTRUCTION AND APPLICATION OF CHAPTER AND GOVERNING INSTRUMENT (\u00a7 13.1-1282)\n\nA. The rule that statutes in derogation of the common law are to be strictly\nconstrued shall have no application to this chapter.\n\nB. This chapter shall be construed in furtherance of the policies of giving\nmaximum effect to the principle of freedom of contract and of enforcing\ngoverning instruments.\n\nC. To the extent any provision of this chapter is inconsistent with the\nprovisions of Sections 856 through 859 of the United States Internal Revenue\nCode of 1986, as amended, or any successor provision, such provisions of the\nInternal Revenue Code shall prevail with respect to any business trust formed\nunder this chapter that also qualifies as a real estate investment trust under\nsuch provisions.\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}}