Code of Virginia § 13.1-1206. Unlawful to transact or offer to transact business as a business trust; penalty.
77 words·~1 min read·
/va/title-13-1/chapter-14/13-1-1206·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 .