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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>63620</law_id><section_number>13.1-1262</section_number><catch_line>Governing instrument</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="14">Virginia Business Trust Act</unit><unit label="article" level="3" order_by="1" identifier="11">Merger</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Notwithstanding anything to the contrary contained in the <span class="dictionary">governing instrument</span> of a <span class="dictionary">business trust</span>, a <span class="dictionary">governing instrument</span> of a <span class="dictionary">business trust</span> containing a specific reference to this section may provide that an agreement of merger approved in accordance with this article may: <a id="paragraph-231775" class="section-permalink" href="https://vacode.org/13.1-1262/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> Effect any amendment to the <span class="dictionary">governing instrument</span> of the <span class="dictionary">business trust</span>; or <a id="paragraph-231776" class="section-permalink" href="https://vacode.org/13.1-1262/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> Effect the adoption of a new <span class="dictionary">governing instrument</span> of the <span class="dictionary">business trust</span> if it is the successor trust in the merger. <a id="paragraph-231777" class="section-permalink" href="https://vacode.org/13.1-1262/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> 1. Any amendment to the <span class="dictionary">governing instrument</span> of a <span class="dictionary">business trust</span> or adoption of a new <span class="dictionary">governing instrument</span> of the <span class="dictionary">business trust</span> made under this section shall be effective at the effective time or date of the merger. <a id="paragraph-231778" class="section-permalink" href="https://vacode.org/13.1-1262/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> The provisions of this subsection shall not be construed to limit the accomplishment of a merger or of any of the matters referred to herein by any other means provided for in the <span class="dictionary">governing instrument</span> of a <span class="dictionary">business trust</span> or other agreement or as otherwise permitted by <span class="dictionary">law</span>, including that the <span class="dictionary">governing instrument</span> of any constituent <span class="dictionary">business trust</span> to the merger shall be the <span class="dictionary">governing instrument</span> of the successor trust. <a id="paragraph-231779" class="section-permalink" href="https://vacode.org/13.1-1262/#B2"><i class="fa fa-link"/></a></p></section></text><history>2002, c. 621.</history><metadata></metadata></law>
