Virginia Business Trust Act; modifies provisions. (HB2113)

Introduced By

Del. Bob Purkey (R-Virginia Beach)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Virginia Business Trust Act. Modifies provisions of the Virginia Business Trust Act in order to (i) bring to a single location the standard for a foreign business trust's signing of a document that is to be filed in the Clerk's Office of the State Corporation Commission, (ii) authorize a business trust to petition the State Corporation Commission for an order to eliminate the effects of clerical errors, (iii) require the inclusion of a business trust's identification number in certain documents to be filed in the Clerk's Office, (iv) bring annual registration fee assessment provisions into alignment with those applicable to other business entities, and (v) provide that business trust names are subject to provisions regarding noncompliance. The measure also includes technical amendments. Read the Bill »


Bill Has Passed


01/09/2013Prefiled and ordered printed; offered 01/09/13 13101103D
01/09/2013Referred to Committee on Commerce and Labor
01/12/2013Impact statement from SCC (HB2113)
01/17/2013Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/21/2013Read first time
01/22/2013Read second time and engrossed
01/23/2013Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/23/2013VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/24/2013Constitutional reading dispensed
01/24/2013Referred to Committee on Commerce and Labor
02/04/2013Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/05/2013Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/06/2013Read third time
02/06/2013Passed Senate (40-Y 0-N) (see vote tally)
02/11/2013Bill text as passed House and Senate (HB2113ER)
02/11/2013Signed by Speaker
02/12/2013Signed by President
02/12/2013Impact statement from SCC (HB2113ER)
02/20/2013G Approved by Governor-Chapter 25 (effective 7/1/13)
02/20/2013G Acts of Assembly Chapter text (CHAP0025)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 40 seconds.