Business Trust Act; reorganizes provisions. (SB360)

Introduced By

Sen. John Watkins (R-Midlothian)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Business Trust Act. Reorganizes provisions of the Virginia Business Trust Act regarding the winding up, cancellation, and reinstatement of business trusts. The revisions to the structure of the Act conform to the organization of the Virginia Stock and Nonstock Corporation Acts. Other provisions address the involuntary cancellation and reinstatement of foreign business trusts and the cancellation of a business trust's existence. The measure also authorizes the removal of the initial registered office and registered agent information in the articles of trust if a statement of change is on file with the Commission, and makes technical clarifications. Read the Bill »


Bill Has Passed


01/08/2008Prefiled and ordered printed; offered 01/09/08 080090864
01/08/2008Referred to Committee on Commerce and Labor
01/14/2008Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
01/16/2008Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/17/2008Read second time and engrossed
01/18/2008Read third time and passed Senate (39-Y 0-N) (see vote tally)
01/18/2008Communicated to House
01/23/2008Impact statement from SCC (SB360)
02/11/2008Placed on Calendar
02/11/2008Read first time
02/11/2008Referred to Committee on Commerce and Labor
02/14/2008Reported from Commerce and Labor (21-Y 0-N)
02/18/2008Read second time
02/19/2008Read third time
02/19/2008Passed House (97-Y 0-N)
02/19/2008VOTE: --- PASSAGE (97-Y 0-N)
02/20/2008Bill text as passed Senate and House (SB360ER)
02/20/2008Signed by Speaker
02/22/2008Signed by President
02/25/2008Impact statement from SCC (SB360ER)
03/02/2008G Approved by Governor-Chapter 100 (effective 4/1/09)
03/02/2008G Approved by Governor-Chapter 101 (effective 4/1/09)
03/04/2008G Acts of Assembly Chapter text (CHAP0101)