Virginia Code 13.1-783: Application and effect of article
Current as of: 2023 | Check for updates
|
Other versions
A. This article shall apply to all benefit corporations.
Terms Used In Virginia Code 13.1-783
- Benefit corporation: means a corporation organized pursuant to the provisions of this chapter:
1. See Virginia Code 13.1-782
- 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.
- Statute: A law passed by a legislature.
B. The existence of a provision of this article shall not of itself create an implication that a contrary or different rule of law applies to a corporation organized pursuant to the provisions of this chapter that is not a benefit corporation. This article shall not affect a statute or rule of law that applies to a corporation that is not a benefit corporation.
C. The specific provisions of this article shall control over the general provisions of other articles of this chapter.
2011, c. 698.