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Current as of January 01, 2025 | Updated by Findlaw Staff
Every corporation incorporated under this Act has the purpose of engaging in any lawful activity, unless:
1. A statute requires the corporation to issue shares or one of the purposes of the corporation is to conduct the business of a public service company other than a sewer company; or
2. A more limited purpose is (i) set forth in the articles of incorporation or (ii) required to be set forth in the articles of incorporation by any other law of the Commonwealth.
Cite this article: FindLaw.com - Virginia Code Title 13.1. Corporations § 13.1-825. Purposes - last updated January 01, 2025 | https://codes.findlaw.com/va/title-13-1-corporations/va-code-sect-13-1-825/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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