                                 CODE OF VIRGINIA

ACTION ON PLAN OF DOMESTICATION BY A DOMESTIC BUSINESS TRUST (§ 13.1-1267)

A. The plan of domestication shall be approved by the trustees of the domestic
business trust in the manner provided in the business trust&#8217;s governing
instrument or articles of trust for amendments or, if no such provision is made
in a governing instrument or articles of trust, by the sole trustee or a
majority of the trustees of the business trust.

B. The business trust shall notify each trustee, whether or not entitled to
vote, and each member of a voting group of the proposed trustees&#8217; meeting
at which the plan of domestication is to be submitted for approval. The notice,
which shall be given no less than twenty-five nor more than sixty days before
the meeting date, shall state that a purpose of the meeting is to consider the
plan of domestication and shall contain or be accompanied by a copy of the plan.

HISTORY: 2002, c. 621.