                                 CODE OF VIRGINIA

COURT-ORDERED INSPECTION (§ 13.1-1281)

A. If a business trust does not allow a beneficial owner who complies with
subsection A of &#xA7; 13.1-1279 to inspect and copy any records required by
that subsection to be available for inspection, the circuit court in the city or
county where the business trust&#8217;s principal office is located, or, if none
in this Commonwealth, where its registered office is located, may summarily
order inspection and copying of the records demanded at the business
trust&#8217;s expense upon application of the beneficial owner.

B. If a business trust does not within a reasonable time allow a beneficial
owner to inspect and copy any other record, the beneficial owner who complies
with subsections B and C of &#xA7; 13.1-1269 may apply to the circuit court in
the city or county where the business trust&#8217;s principal office is located,
or, if none in this Commonwealth, where its registered office is located, for an
order to permit inspection and copying of the records demanded. The court shall
dispose of an application under this subsection on an expedited basis.

C. If the court orders inspection and copying of the records demanded, it may
also order the business trust to pay the beneficial owner&#8217;s costs,
including reasonable counsel fees, incurred to obtain the order if the
beneficial owner proves that the business trust refused inspection without a
reasonable basis of doubt about the right of the beneficial owner to inspect the
records demanded.

D. If the court orders inspection and copying of the records demanded, it may
impose reasonable restrictions on the use or distribution of the records by the
demanding beneficial owner.

HISTORY: 2002, c. 621.