Virginia Code 13.1-1280: Scope of inspection right.
A. A beneficial owner‘s agent or attorney has the same inspection and copying rights as the beneficial owner he represents.
Terms Used In Virginia Code 13.1-1280
- Beneficial owner: means any owner of a beneficial interest in a business trust, the fact of ownership to be determined and evidenced, whether by means of registration, the issuance of certificates or otherwise, in conformity to the applicable provisions of the governing instrument of the business trust. See Virginia Code 13.1-1201
- Business trust: includes , without limitation, any of the following entities that conform with subdivisions 1 and 2 of this definition:
(1) A trust of the type known at common law as a "business trust" or "Massachusetts trust";
(2) A trust qualifying as a real estate mortgage investment conduit under § 860 D of the United States Internal Revenue Code of 1986, as amended, or under any successor provision;
(3) A trust qualifying as a real estate investment trust under §§ 856 through 859 of the United States Internal Revenue Code of 1986, as amended, or under any successor provision; or
(4) A "real estate investment trust" or "trust" created under former Chapter 9 of Title 6 or former Chapter 9 of Title 6. See Virginia Code 13.1-1201
- Includes: means includes, but not limited to. See Virginia Code 1-218
- Trust: includes a common law trust, business trust, and foreign business trust. See Virginia Code 13.1-1201
B. The right to copy records under § 13.1-1279 includes, if reasonable, the right to receive copies made by photographic or other means.
C. The business trust may impose a reasonable charge, covering the costs of labor and material, for copies of any documents provided to the beneficial owner. The charge may not exceed the estimated cost of production or reproduction of the records.
D. The business trust may comply with a beneficial owner’s demand to inspect the record of beneficial owners under subdivision 3 of subsection B of § 13.1-1279 by providing him with a list of its beneficial owners that was compiled no earlier than the date of the beneficial owner’s demand.
2002, c. 621.