(Effective January 1, 2027) Dissolution; generally

Va. Code Ann. § 13.1-901.1, under Chapter 10. Virginia Nonstock Corporation Act..

Va. Code Ann. § 13.1-901.1

A corporation organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:

1. At the time or on the happening of any events specified in writing in the articles of incorporation or bylaws;

2. Dissolution by directors pursuant to § 13.1-903;

3. Dissolution by directors and members pursuant to § 13.1-902;

4. The entry of a decree of judicial dissolution under § 13.1-909;

5. Automatic termination of its existence pursuant to § 13.1-914; or

6. Involuntary termination of its existence pursuant to § 13.1-915.