§ 13.1-1246.1. (Effective April 1, 2009) Automatic cancellation of registration
A. If any foreign business trust fails to pay its annual registration fee on or before December 31 of the year assessed, its certificate of registration to transact business in the Commonwealth shall be automatically canceled as of that day.
B. If any foreign business trust whose registered agent has filed with the Commission a statement of resignation pursuant to § 13.1-1222 fails to file a statement of change pursuant to § 13.1-1221 within 31 days after the date on which the statement of resignation was filed, the Commission shall mail notice to the foreign business trust of the impending cancellation of its certificate of registration. If the business trust fails to file the statement of change before the last day of the second month immediately following the month in which the impending cancellation notice was mailed, the business trust shall automatically cease to be authorized to transact business in the Commonwealth and its certificate of registration shall be automatically canceled as of that day.
(2008, c. 101.)
Sections: Previous 13.1-1240 13.1-1241 13.1-1242 13.1-1243 13.1-1244 13.1-1245 13.1-1246 13.1-1246.1 13.1-1246.2 13.1-1246.3 13.1-1247 13.1-1248 13.1-1249 13.1-1250 13.1-1250.1 NextLast modified: April 16, 2009