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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>55993</law_id><section_number>13.1-1272</section_number><catch_line>Entity conversion</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="12">Domestication and Conversion</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A <span class="dictionary">domestic business trust</span> may become a domestic limited liability company pursuant to a plan of <span class="dictionary">entity conversion</span> that is approved by the <span class="dictionary">domestic business trust</span> in accordance with the provisions of this article. <a id="paragraph-205177" class="section-permalink" href="https://vacode.org/13.1-1272/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> A domestic limited liability company may become a <span class="dictionary">domestic business trust</span> pursuant to a plan of <span class="dictionary">entity conversion</span> that is approved by the limited liability company in accordance with the provisions of Article 15 (&#xA7; <a class="law" title="Definitions" href="/13.1-1081/">13.1-1081</a> et seq.) of Chapter 12. <a id="paragraph-205178" class="section-permalink" href="https://vacode.org/13.1-1272/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> Unless otherwise provided for in Chapter 2.2 (&#xA7; <a class="law" title="Definitions" href="/50-73.79/">50-73.79</a> et seq.) of Title 50, a <span class="dictionary">domestic partnership</span> that has filed either a statement of partnership authority or a statement of registration as a <span class="dictionary">registered limited liability partnership</span> with the <span class="dictionary">Commission</span> that is not canceled may become a <span class="dictionary">domestic business trust</span> pursuant to a plan of <span class="dictionary">entity conversion</span> that is approved by the <span class="dictionary">domestic partnership</span> in accordance with the provisions of this article. <a id="paragraph-205179" class="section-permalink" href="https://vacode.org/13.1-1272/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> Unless otherwise provided for in Chapter 2.1 (&#xA7; <a class="law" title="Definitions" href="/50-73.1/">50-73.1</a> et seq.) of Title 50, a <span class="dictionary">domestic limited partnership</span> that has filed a certificate of limited partnership with the <span class="dictionary">Commission</span> that is not canceled may become a <span class="dictionary">domestic business trust</span> pursuant to a plan of <span class="dictionary">entity conversion</span> that is approved by the <span class="dictionary">domestic limited partnership</span> in accordance with the provisions of this article. <a id="paragraph-205180" class="section-permalink" href="https://vacode.org/13.1-1272/#D"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> An <span class="dictionary">other entity</span> may become a <span class="dictionary">domestic business trust</span> pursuant to a plan of <span class="dictionary">entity conversion</span> that is approved by the <span class="dictionary">other entity</span> in accordance with the provisions of its <span class="dictionary">governing instrument</span> for amendments to the <span class="dictionary">governing instrument</span>. <a id="paragraph-205181" class="section-permalink" href="https://vacode.org/13.1-1272/#E"><i class="fa fa-link"/></a></p></section></text><history>2002, c. 621; 2016, c. 288.</history><metadata></metadata></law>
