13.1-1254 - Penalty for failure to timely pay annual registration fees or file statement of change. - Virginia Statutes

§ 13.1-1254. Penalty for failure to timely pay annual registration fees orfile statement of change.

A. Any domestic or any foreign business trust that fails to pay the annualregistration fee into the state treasury within the time prescribed in §13.1-1252 shall incur a penalty of $25, which shall be added to the amount ofthe annual registration fee due. The penalty prescribed herein shall be inaddition to any other penalty or liability imposed by law.

B. The Commission shall mail to each domestic and foreign business trust thatfails to pay its annual registration fee within the time prescribed in §13.1-1252 a notice of assessment of the penalty imposed herein and of theimpending cancellation of its existence or certificate of registration, asthe case may be.

(2002, c. 621; 2003, c. 373; 2004, cc. 274, 601; 2008, c. 101.)