Virginia § 13.1-1238 - Articles of cancellation
Full text of Virginia Code of Virginia § 13.1-1238 — Articles of cancellation, with citation guidance and answers to common questions.
§ 13.1-1238. Articles of cancellation
A. When the affairs of a business trust have been wound up pursuant to § 13.1-1236, it shall file articles of cancellation with the Commission. The articles shall set forth:
1. The name of the business trust;
2. The identification number issued by the Commission to the business trust;
3. The effective date of its certificate of trust;
4. A statement that the business trust has completed the winding up of its affairs; and
5. Any other information the trustees determine to include therein, including the reason for filing the articles of cancellation.
B. If the Commission finds that the articles of cancellation comply with the requirements of law and that all required fees have been paid, it shall by order issue a certificate of cancellation, canceling the business trust's existence. Upon the effective date of such certificate, the existence of the business trust shall cease, except for the purpose of suits, other proceedings, and appropriate actions by trustees and beneficial owners as provided in this chapter.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 13.1-1238
What does Code of Virginia § 13.1-1238 cover?
Section 13.1-1238 ("Articles of cancellation") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 13.1-1238?
A common citation format is "Code of Virginia § 13.1-1238" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 13.1-1238 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.