If a corporation has not yet issued shares and it has no board of directors, its incorporators may adopt one or more amendments of the corporation’s articles of incorporation.

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Terms Used In Virginia Code 13.1-709

  • Articles of incorporation: means all documents constituting, at any particular time, the charter of a corporation. See Virginia Code 13.1-603
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Shares: means the units into which the proprietary interests in a corporation are divided. See Virginia Code 13.1-603

1985, c. 522; 2019, c. 734.