Virginia Code 13.1-995: Members to have rights of shareholders
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The rights given to shareholders under the provisions of §§ 13.1-614, 13.1-624, 13.1-629, 13.1-742 and 13.1-744 shall apply to members as well as to shareholders of a corporation created hereunder.
Terms Used In Virginia Code 13.1-995
- 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, § 13.1-152; 1960, c. 80; 1985, c. 522.