This chapter shall be known as the Virginia Nonstock Corporation Act or the “Act.”

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Terms Used In Virginia Code 13.1-801

  • 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.

Code 1950, § 13.1-201; 1956, c. 428; 1985, c. 522; 2007, c. 925.