Va. Code Ann. § 13.1-1206 – Unlawful to transact or offer to transact business as a business trust; penalty | Midpage
§ 13.1-1206
Va. Code Ann. § 13.1-1206
Unlawful to transact or offer to transact business as a business trust; penalty
Effective Jul 1, 20022002, c. 621.
A. It shall be unlawful for any person to transact business in this Commonwealth as a business trust or to offer or advertise to transact business in this Commonwealth as a business trust unless the alleged business trust is either a domestic business trust or a foreign business trust authorized to transact business in this Commonwealth.
B. Any person who violates the provisions of this section is guilty of a Class 1 misdemeanor.