13.1-1255 - Payment of fees, fines, penalties, and interest prerequisite to Commission action; refunds. - Virginia Statutes

§ 13.1-1255. Payment of fees, fines, penalties, and interest prerequisite toCommission action; refunds.

A. The Commission shall not file or issue with respect to any domestic orforeign business trust any document or certificate specified in this chapter,except a statement of change pursuant to § 13.1-1221 and a statement ofresignation pursuant to § 13.1-1222, until all fees, fines, penalties, andinterest assessed, imposed, charged, or to be collected by the Commissionpursuant to this chapter or Title 12.1 have been paid by or on behalf of suchbusiness trust. Notwithstanding the foregoing, the Commission may file orissue any document or certificate with respect to a domestic or foreignbusiness trust that has been assessed an annual registration fee if thedocument or certificate is filed or issued with an effective date that is onor before the due date of the business trust's annual registration feepayment in any year, provided that the Commission shall not issue acertificate of domestication with respect to a foreign business trust untilthe annual registration fee has been paid by or on behalf of that businesstrust.

B. The Commission shall have the authority to certify to the Comptrollerdirecting refund of any overpayment of a fee, or of any fee collected for adocument that is not accepted for filing, at any time within one year fromthe date of its payment.

(2002, c. 621; 2004, c. 316; 2006, c. 659; 2007, c. 810.)