13.1-1234 - Dissolution generally. - Virginia Statutes

§ 13.1-1234. Dissolution generally.

A business trust organized under this chapter is dissolved and its affairsshall be wound up upon the happening of the first to occur of the followingevents:

1. At the time or on the happening of any events specified in writing in thearticles of trust or a governing instrument;

2. Upon the unanimous written consent of the beneficial owners;

3. The entry of a decree of judicial dissolution under § 13.1-1235;

4. Automatic cancellation of its existence pursuant to § 13.1-1238.1; or

5. Involuntary cancellation of its existence pursuant to § 13.1-1238.2.

(2002, c. 621; 2008, cc. 101, 588, 770; 2009, c. 167.)