Va. Code § 13.1-825

Current with changes from the 2024 legislative session through ch. 845

Section 13.1-825 - Purposes

Every corporation incorporated under this Act has the purpose of engaging in any lawful activity, unless:

1. A statute requires the corporation to issue shares or one of the purposes of the corporation is to conduct the business of a public service company other than a sewer company; or

2. A more limited purpose is (i) set forth in the articles of incorporation or (ii) required to be set forth in the articles of incorporation by any other law of the Commonwealth.

Va. Code § 13.1-825

Code 1950, § 13.1-204; 1956, c. 428; 1958, c. 564; 1960, c. 296; 1971, Ex. Sess., c. 98; 1985, c. 522; 2007, c. 925.

Amended by Acts 2007, § c. 925.

Amended by Acts 1985, § c. 522.

Amended by Acts 1971, § Ex. Sess., c. 98.

Amended by Acts 1960, § c. 296.

Amended by Acts 1958, § c. 564.

Amended by Acts 1956, § c. 428.