                                 CODE OF VIRGINIA

JUDICIAL DISSOLUTION (§ 13.1-1235)

A. On application by or for a beneficial owner, the circuit court of the city or
county in which the registered office of the business trust is located may
decree dissolution of a business trust if it is not reasonably practicable to
carry on the business in conformity with the articles of trust and any governing
instrument.

B. When the winding up of the affairs of the business trust has been completed,
the court shall so advise the Commission, which shall enter an order of
cancellation of the business trust&#8217;s existence.

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