Limited liability

Va. Code Ann. § 13.1-1225, under Chapter 14. Virginia Business Trust Act..

Va. Code Ann. § 13.1-1225

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.