Code of Virginia - Title 13.1 Corporations - Section 13.1-1206 Unlawful to transact or offer to transact business as a business trust; penalty

§ 13.1-1206. Unlawful to transact or offer to transact business as a business trust; penalty

A. It shall be unlawful for any person to transact business in this Commonwealth as a business trust or to offer or advertise to transact business in this Commonwealth as a business trust unless the alleged business trust is either a domestic business trust or a foreign business trust authorized to transact business in this Commonwealth.

B. Any person who violates the provisions of this section is guilty of a Class 1 misdemeanor.

(2002, c. 621.)

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Last modified: April 2, 2009