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14 chapters · 873 sections in this title.
Va. Code Ann. § 13.1-301 Organization of cooperative associations; purposes; name; par value stock required
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A. Any number of persons, not less than five, may, under the provisions of Article 3 (§ 13.1-618 et seq.) of Chapter 9 or Article 3 (§ 13.1-818 et seq.) of Chapter 10, associate themselves together as a cooperative association, society, company or exchange, for the purpose of (i)…
Va. Code Ann. § 13.1-301.1 Amendments to articles of incorporation
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An association may amend its articles of incorporation by the affirmative vote of two-thirds of the members voting thereon at any regular meeting, or at a special meeting called for the purpose. Notice of the proposed amendment and of the time and place of holding such meetings s…
Va. Code Ann. § 13.1-301.2 Adoption, change or repeal of bylaws; subject matter
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The board of directors or members of the association, before commencing business, shall adopt bylaws not inconsistent with law or its articles of incorporation, and they may alter, amend and revise the same from time to time. The bylaws may be adopted, amended or revised by a maj…
Va. Code Ann. § 13.1-302 Limitation of individual stockholding
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No holder of common stock in any stock cooperative association shall own shares of a greater par value than $1,000, except as hereinafter provided, or be entitled to more than one vote.