                                 CODE OF VIRGINIA

AMENDMENT OF ARTICLES OF TRUST (§ 13.1-1216)

A. Except to the extent otherwise provided in this chapter, the articles of
trust, or the governing instrument of the business trust, the sole trustee or a
majority of the trustees may amend the articles of trust of a business trust at
any time to add or change a provision that is required or permitted in the
articles, or to delete a provision not required in the articles. An amendment to
the articles of trust may delete the name and address of the initial registered
agent or registered office, if a statement of change described in &#xA7;
13.1-1221 is on file with the Commission.

B. A business trust amending its articles of trust shall file with the
Commission articles of amendment setting forth:

   1. The name of the business trust;

   2. The text of each amendment adopted;

   3. The date of each amendment&#8217;s adoption; and

   4. A statement that the amendment was adopted in accordance with the articles
   of trust and the governing instrument of the business trust.

C. If the Commission finds that the articles of amendment comply with the
requirements of law and that all required fees have been paid, it shall issue a
certificate of amendment.

D. An amendment to the articles of the trust does not affect a cause of action
existing against or in favor of the business trust, a proceeding to which the
business trust is a party, or the existing rights of persons other than
beneficial owners of the business trust. An amendment changing a business
trust&#8217;s name does not abate a proceeding brought by or against the
business trust in its former name.

HISTORY: 2002, c. 621; 2008, c. 101.