Virginia Code 38.2-3810: Institutions maintainable; company a charitable institution.
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Any company may maintain homes for aged members, or children’s homes, hospitals or recreational centers, or any other charitable institution, and may provide for the erection of monuments or memorials to deceased members. Such a company is hereby classified as a charitable institution.
Terms Used In Virginia Code 38.2-3810
- company: means a cooperative nonprofit life benefit company as defined in subsection A of this section. See Virginia Code 38.2-3801
Code 1950, § 38-482; 1952, c. 317, § 38.1-508; 1986, c. 562.