{"law_id":"793330","edition_id":"11","section_id":"793330","structure_id":"2027","section_number":"13.1-1234","catch_line":"Dissolution generally","history":"2002, c. 621; 2008, cc. 101, 588, 770; 2009, c. 167.","full_text":" A business trust organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:\r\r","order_by":null,"text":{"0":{"id":"2560393","text":"A business trust organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1},"1":{"id":"2560394","text":" At the time or on the happening of any events specified in writing in the articles of trust or a governing instrument;","type":"section","prefixes":["","1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":2},"2":{"id":"2560395","text":" Upon the unanimous written consent of the beneficial owners;","type":"section","prefixes":["","2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":2},"3":{"id":"2560396","text":" The entry of a decree of judicial dissolution under \u00a7 13.1-1235;","type":"section","prefixes":["","3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":2},"4":{"id":"2560397","text":" Automatic cancellation of its existence pursuant to \u00a7 13.1-1238.1; or","type":"section","prefixes":["","4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":2},"5":{"id":"2560398","text":" Involuntary cancellation of its existence pursuant to \u00a7 13.1-1238.2.","type":"section","prefixes":["","5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":2}},"ancestry":{"1":{"id":"2027","name":"Dissolution","identifier":"8","label":"article","url":"\/13.1\/14\/8\/"},"2":{"id":"385","name":"Virginia Business Trust Act","identifier":"14","label":"chapter","url":"\/13.1\/14\/"},"3":{"id":"43","name":"Corporations","identifier":"13.1","label":"title","url":"\/13.1\/"}},"structure_contents":{"0":{"id":"793330","structure_id":"2027","section_number":"13.1-1234","catch_line":"Dissolution generally","url":"\/13.1-1234\/","token":"13.1\/14\/8\/13.1-1234"},"1":{"id":"794384","structure_id":"2027","section_number":"13.1-1235","catch_line":"Judicial dissolution","url":"\/13.1-1235\/","token":"13.1\/14\/8\/13.1-1235"},"2":{"id":"784713","structure_id":"2027","section_number":"13.1-1236","catch_line":"Winding up","url":"\/13.1-1236\/","token":"13.1\/14\/8\/13.1-1236"},"3":{"id":"796003","structure_id":"2027","section_number":"13.1-1237","catch_line":"Distribution of assets upon dissolution","url":"\/13.1-1237\/","token":"13.1\/14\/8\/13.1-1237"},"4":{"id":"767656","structure_id":"2027","section_number":"13.1-1238","catch_line":"Articles of cancellation","url":"\/13.1-1238\/","token":"13.1\/14\/8\/13.1-1238"},"5":{"id":"794881","structure_id":"2027","section_number":"13.1-1238.1","catch_line":"Automatic cancellation of business trust existence","url":"\/13.1-1238.1\/","token":"13.1\/14\/8\/13.1-1238.1"},"6":{"id":"786177","structure_id":"2027","section_number":"13.1-1238.2","catch_line":"Involuntary cancellation of business trust existence","url":"\/13.1-1238.2\/","token":"13.1\/14\/8\/13.1-1238.2"},"7":{"id":"782402","structure_id":"2027","section_number":"13.1-1239","catch_line":"Reinstatement of a business trust that has ceased to exist","url":"\/13.1-1239\/","token":"13.1\/14\/8\/13.1-1239"},"8":{"id":"774217","structure_id":"2027","section_number":"13.1-1240","catch_line":"Dissolution of series","url":"\/13.1-1240\/","token":"13.1\/14\/8\/13.1-1240"}},"next_section":{"id":"794384","structure_id":"2027","section_number":"13.1-1235","catch_line":"Judicial dissolution","url":"\/13.1-1235\/","token":"13.1\/14\/8\/13.1-1235"},"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/13.1-1234\/","references":[{"id":"784432","section_number":"13.1-1218","catch_line":"Existence","url":"\/13.1-1218\/"}],"refers_to":false,"url":"\/13.1-1234\/","token":"13.1\/14\/8\/13.1-1234","formats":{"txt":"\/13.1-1234.txt","json":"\/13.1-1234.json","xml":"\/13.1-1234.xml"},"dublin_core":{"Title":"Dissolution generally","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-1234","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nDISSOLUTION GENERALLY (\u00a7 13.1-1234)\n\nA business trust organized under this chapter is dissolved and its affairs shall\nbe wound up upon the happening of the first to occur of the following events:\n\n   1.  At the time or on the happening of any events specified in writing in the\n   articles of trust or a governing instrument;\n\n   2.  Upon the unanimous written consent of the beneficial owners;\n\n   3.  The entry of a decree of judicial dissolution under \u00a7 13.1-1235;\n\n   4.  Automatic cancellation of its existence pursuant to \u00a7 13.1-1238.1; or\n\n   5.  Involuntary cancellation of its existence pursuant to \u00a7 13.1-1238.2.\n\nHISTORY: 2002, c. 621; 2008, cc. 101, 588, 770; 2009, c. 167."}