CODE OF VIRGINIA

DISSOLUTION GENERALLY (§ 13.1-1234)

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:

   1.  At the time or on the happening of any events specified in writing in the
   articles 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.

HISTORY: 2002, c. 621; 2008, cc. 101, 588, 770; 2009, c. 167.