The Virginia Limited Liability Company Act has been revised and will be effective July 1, 2013. The revisions include technical amendments, and also updates regarding the execution of documents and the term of existence. For more information, the text of
Virginia – Amended Business Trust Act
The Virginia Business Trust Act has been modified and these changes will be in effect as of July 1, 2013. Among the modifications are changes to the execution of documents and the requirement to add identification numbers to documents. Technical
Virginia – Procedure to convert Corp. to LLC
Signed by the Governor April 9 and effective July 1, SB 50 (Chapter 706) establishes a procedure by which a nonstock corporation may convert to a LLC and also updates provisions of the Stock Corporation Act, Nonstock Corporation Act, and