Except to the extent otherwise expressly provided in the governing instrument of the business trust, the beneficial owners shall be entitled to the same limitation of personal liability extended to shareholders of a Virginia corporation formed under Chapter 9 (§ 13.1-601 et seq.) of this title.
Va. Code Ann. § 13.1-1225
Limited liability
Known as the Virginia Business Trust Act
The act spans §§ 13.1-1200 to 13.1-1285 (93 sections).
2002, c. 621.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.