                                 CODE OF VIRGINIA

ENTITY CONVERSION (§ 13.1-1272)

A. A domestic business trust may become a domestic limited liability company
pursuant to a plan of entity conversion that is approved by the domestic
business trust in accordance with the provisions of this article.

B. A domestic limited liability company may become a domestic business trust
pursuant to a plan of entity conversion that is approved by the limited
liability company in accordance with the provisions of Article 15 (&#xA7;
13.1-1081 et seq.) of Chapter 12.

C. Unless otherwise provided for in Chapter 2.2 (&#xA7; 50-73.79 et seq.) of
Title 50, a domestic partnership that has filed either a statement of
partnership authority or a statement of registration as a registered limited
liability partnership with the Commission that is not canceled may become a
domestic business trust pursuant to a plan of entity conversion that is approved
by the domestic partnership in accordance with the provisions of this article.

D. Unless otherwise provided for in Chapter 2.1 (&#xA7; 50-73.1 et seq.) of
Title 50, a domestic limited partnership that has filed a certificate of limited
partnership with the Commission that is not canceled may become a domestic
business trust pursuant to a plan of entity conversion that is approved by the
domestic limited partnership in accordance with the provisions of this article.

E. An other entity may become a domestic business trust pursuant to a plan of
entity conversion that is approved by the other entity in accordance with the
provisions of its governing instrument for amendments to the governing
instrument.

HISTORY: 2002, c. 621; 2016, c. 288.