13.1-1212 - Articles of trust. - Virginia Statutes

§ 13.1-1212. Articles of trust.

A. The articles of trust shall set forth:

1. A name for the business trust that satisfies the requirements of §13.1-1214;

2. The post office address, including the street and number, if any, of thebusiness trust's initial registered office, the name of the city or county inwhich it is located, the name of its initial registered agent at that office,and that the agent is either (i) an individual who is a resident of thisCommonwealth and is a trustee or officer of the business trust, an officer ordirector of a corporation that is a trustee of the business trust, a generalpartner of a general or limited partnership that is a trustee of the businesstrust, a member or manager of a limited liability company that is a trusteeof the business trust, a trustee of a business trust or other trust that is atrustee of the business trust, or a member of the Virginia State Bar or (ii)a domestic or foreign stock or nonstock corporation, limited liabilitycompany or registered limited liability partnership authorized to transactbusiness in this Commonwealth; and

3. The post office address, including the street and number, if any, of theprincipal office of the business trust, which may be the same as theregistered office, but need not be within this Commonwealth.

B. The articles of trust may set forth any other matter that under thischapter is permitted to be set forth in a governing instrument of a businesstrust.

C. The articles of trust need not set forth any of the powers enumerated inthis chapter.

D. If the Commission finds that the articles of trust comply with therequirements of law and that all required fees have been paid, it shall issuea certificate of trust.

(2002, c. 621.)