reglab/housing_qa huggingface dataset:
VA Code § 13.1-944.7 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 10 - Virginia Nonstock Corporation Act|§ 13.1-944.7. Abandonment of entity conversion

A. Unless otherwise provided in the plan of entity conversion, after a plan of entity conversion has been adopted and approved by the converting domestic corporation in the manner as required by this article, and at any time before the certificate of entity conversion has become effective, the plan may be abandoned by the corporation without action by its members in accordance with any procedures set forth in the plan or, if no procedures are set forth in the plan, in the manner determined by the board of directors.B. If an entity conversion is abandoned after articles of entity conversion have been filed with the Commission but before the certificate of entity conversion has become effective, a statement of abandonment shall be signed on behalf of the converting domestic corporation and delivered to the Commission for filing before the effective time and date of the certificate of entity conversion. If the Commission finds that the statement of abandonment complies with the requirements of law, it shall issue a certificate of abandonment, effective as of the date and time the statement was received by the Commission, and the entity conversion shall be deemed abandoned and shall not become effective.C. The statement of abandonment shall contain:1. The name of the converting domestic corporation;2. The name of the converted entity set forth in the articles of entity conversion;3. The date on which the articles of conversion were filed with the Commission;4. The date and time on which the Commission's certificate of entity conversion becomes effective; and5. A statement that the entity conversion is being abandoned in accordance with this section.2012, c. 706; 2015, c. 623; 2016, c. 288; 2021, Sp. Sess. I, c. 487.
VA Code § 13.1-945 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 10 - Virginia Nonstock Corporation Act|§ 13.1-945. Property title records

A. Whenever the records in the office of the clerk of the Commission reflect that a domestic or foreign corporation has changed or corrected its name, merged into a domestic or foreign limited liability company, corporation, business trust, limited partnership or partnership, converted into a domestic or foreign limited liability company, business trust, limited partnership or partnership, or domesticated in or from another jurisdiction, the clerk of the Commission, upon request, shall issue a certificate reciting such change, correction, merger, conversion or domestication. The certificate may be admitted to record in the deed books, in accordance with § 17.1-227, of any clerk's office within the jurisdiction of which any property of the corporation is located in order to maintain the continuity of title records. The person filing the certificate shall pay a fee of $10 to the clerk of the court, but no tax shall be due thereon.B. Whenever a foreign corporation has changed or corrected its name, merged into another business entity, converted into another type of business entity, or domesticated in another jurisdiction, and it cannot or chooses not to obtain a certificate reciting such change, correction, merger, conversion or domestication from the clerk of the Commission pursuant to subsection A, a similar certificate by any competent authority of the foreign corporation's jurisdiction of incorporation may be admitted to record in the deed books, in accordance with § 17.1-227, of any clerk's office within the jurisdiction of which any property of the corporation is located in order to maintain the continuity of title records. The person filing the certificate shall pay a fee of $10 to the clerk of the court, but no tax shall be due thereon.2007, c. 771.
VA Code § 13.1-946 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 10 - Virginia Nonstock Corporation Act|§ 13.1-946. Reserved

Reserved.
VA Code § 13.1-981 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-981. How chapter cited

This chapter shall be known and may be cited as the "Virginia Industrial Development Corporation Act."Code 1950, § 13.1-140; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-982 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-982. Definitions

As used in this chapter, unless a different meaning is required by the context, the following words and phrases shall have the following meanings:"Board of directors." -- The board of directors of a corporation created under this chapter."Commission." -- The State Corporation Commission of Virginia."Corporation." -- A Virginia industrial development corporation created under the provisions of this chapter."Financial institution." -- Any bank, trust company, savings institution, industrial loan association or insurance company."Loan limit." -- For any member, the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this chapter."Member." -- Any financial institution which shall undertake to lend money to a corporation created under this chapter, upon its call and in accordance with the provisions of this chapter.Code 1950, § 13.1-141; 1960, c. 80; 1985, c. 522; 1996, c. 77.
VA Code § 13.1-983 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-983. Incorporation

An industrial development corporation may be incorporated in the Commonwealth pursuant to the provisions of Article 3 (§ 13.1-618 et seq.) of Chapter 9 of this title, and all the provisions of Chapter 9 (§ 13.1-601 et seq.) of this title not in conflict with or inconsistent with the provisions of this chapter shall apply to such corporation except as hereinafter otherwise provided. The purpose clause of the articles of incorporation shall recite that the purposes for which the corporation is formed are to stimulate and promote the business prosperity and economic welfare of the Commonwealth and its citizens; to encourage and assist through financial aid, advice, technical assistance and other appropriate means the location of new businesses and industries and the rehabilitation, improvement and expansion of existing businesses and industries throughout the Commonwealth; and in furtherance of such purposes, to cooperate with the Virginia Economic Development Partnership and with other organizations, public and private.Code 1950, § 13.1-142; 1960, c. 80; 1984, c. 750; 1985, c. 522; 1996, cc. 590, 598.
VA Code § 13.1-984 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-984. Corporate name

Every corporation created under this chapter shall have as part of its corporate name or title the words "Industrial Development."Code 1950, § 13.1-143; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-985 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-985. Governor to approve articles of incorporation

The articles of incorporation shall not be issued by the Commission unless approved by the Governor in writing. Such approval shall not be given by the Governor until he first shall have sought the advice of the Chief Executive Officer of the Virginia Economic Development Partnership.Code 1950, § 13.1-144; 1960, c. 80; 1985, c. 522; 1996, cc. 590, 598; 2010, c. 869.
VA Code § 13.1-986 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-986. How funds may be derived

A corporation created under this chapter may derive funds from the sale of its shares and debentures, from loans from its members on the terms and conditions set forth in this chapter, from any other financial institution or person and from any agency established by the federal government or the Commonwealth of Virginia.Code 1950, § 13.1-144.1; 1972, c. 693; 1985, c. 522.
VA Code § 13.1-987 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-987. Restrictions on powers of corporation

The powers of a corporation shall be subject to the following restrictions:1. It shall not approve any application for a loan until the applicant shall have shown that he has applied to a financial institution that could lawfully lend the amount of money sought and that the financial institution has refused in writing to make the requested loan.2. It shall not incur any secondary liability for the debts of others, but may assume primary liability therefor.3. It shall not give security for any loan made to it unless all loans to it are secured ratably in proportion to unpaid balances due, except that it may give security or priority on loans made to it by any federal agency or instrumentality or by any agency or instrumentality of the Commonwealth of Virginia without securing all loans made to it.Code 1950, § 13.1-145; 1960, c. 80; 1972, c. 693; 1985, c. 522.
VA Code § 13.1-988 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-988. Acquisition, transfer, etc., of securities and shares of corporation

Notwithstanding any other provision of law, any person, corporation, including a public service corporation, financial institution or railroad may acquire, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of any bonds, notes, debentures, securities or other evidences of indebtedness, or the shares of capital stock of a corporation created hereunder, provided that the amount of capital stock which may be acquired by any member of such corporation shall not exceed ten percent of the loan limit of such member.Code 1950, § 13.1-146; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-990 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-990. Shares and shareholders

Each share of common stock of a corporation shall have a par value of $100, and shall be issued for cash.Each shareholder shall be entitled to one vote, in person or by proxy, for each share of capital stock held, and each member shall be entitled to one vote, in person or by proxy, for each $1000 of the authorized loan limit of such member as determined under § 13.1-989.The rights given by Chapter 9 (§ 13.1-601 et seq.) of this title to shareholders to attend meetings and to receive notice thereof and to exercise voting rights shall apply to members as well as to shareholders of a corporation created hereunder. The voting rights of the members shall be the same as if they were a separate class of shareholders, and shareholders and members shall in all cases vote separately by classes. A quorum at a meeting shall require the presence in person or by proxy of a majority of the holders of the voting rights of each class.Code 1950, § 13.1-148; 1960, c. 80; 1972, c. 693; 1985, c. 522.
VA Code § 13.1-991 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-991. Directors

The business and affairs of a corporation shall be conducted by a board of directors. The number of directors shall be a multiple of three. Two-thirds of the directors shall be elected by the members and one-third shall be elected by the shareholders. Any vacancy in the office of a director elected by the members may be filled by the directors elected by the members and any vacancy in the office of director elected by the shareholders may be filled by the directors elected by the shareholders. The shareholders and members or the directors may by bylaw provide that a quorum of the board of directors for the purpose of transaction of business shall consist of a stated number or percentage of the directors less than a majority of the number of directors fixed by the bylaws; but in no event shall a quorum consist of less than one-third of the number of directors so fixed.Code 1950, § 13.1-149; 1960, c. 80; 1968, c. 254; 1985, c. 522.
VA Code § 13.1-992 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-992. Executive committee

The board of directors, by a resolution adopted by a majority of the directors present and constituting a quorum at any meeting, may designate five or more directors to constitute an executive committee which, to the extent provided in such resolution or the bylaws of the corporation, shall have and may exercise all the authority of the board of directors except the authority to approve an amendment to the articles of incorporation or a plan of merger. The executive committee specifically shall have the right to make calls upon the membership under § 13.1-989, unless expressly provided to the contrary by such resolution or bylaw. Such committee shall have the power to fill any vacancy occurring in the board of directors or in the executive committee. Such vacancy shall be filled by the affirmative vote of a majority of the remaining members of the executive committee, though less than a quorum of the committee, unless expressly provided to the contrary by such resolution or bylaw.Code 1950, § 13.1-149.1; 1972, c. 693; 1985, c. 522.
VA Code § 13.1-993 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-993. Restrictions on amendments to articles of incorporation

No amendment to the articles of incorporation shall be made which increases the obligation of a member to make loans to the corporation or which makes any change in the principal amount, interest rate, maturity date, or in the security or credit position of any outstanding loan made by a member to the corporation or which affects the right of a member to withdraw from membership or the voting rights of such member, without the consent of each member who would be affected by such amendment.Code 1950, § 13.1-150; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-994 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-994. Earned surplus

Each year the corporation shall set apart as earned surplus not less than ten percent of its net earnings for the preceding fiscal year until such surplus shall be equal in value to one-half of the amount paid in on the capital stock then outstanding. Whenever the amount of surplus so established shall become impaired, it shall be built up again to the required amount in the manner provided for its original accumulation.Code 1950, § 13.1-151; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-995 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-995. Members to have rights of shareholders

The rights given to shareholders under the provisions of §§ 13.1-614, 13.1-624, 13.1-629, 13.1-742 and 13.1-744 shall apply to members as well as to shareholders of a corporation created hereunder.Code 1950, § 13.1-152; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-996 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-996. Corporation not authorized to receive money on deposit; deposit of funds of corporation

No corporation organized under the provisions of this chapter shall at any time be authorized to receive money on deposit. The corporation shall not deposit any of its funds in any banking institution unless such institution has been designated as a depository by appropriate vote of the board of directors or executive committee.Code 1950, § 13.1-153; 1960, c. 80; 1972, c. 693; 1985, c. 522.
VA Code § 13.1-997 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-997. Books and records

A corporation shall keep, in addition to the books and records required by § 13.1-770, a record showing the names and addresses of all members of the corporation and the current status of loans made by each to the corporation. Members shall have the same rights with respect to such books and records as are given to shareholders by § 13.1-770.Code 1950, § 13.1-154; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-998 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 11 - Industrial Development Corporations|§ 13.1-998. Credit of Commonwealth not pledged

Under no circumstances is the credit of the Commonwealth pledged herein.Code 1950, § 13.1-155; 1960, c. 80; 1985, c. 522.
VA Code § 13.1-1000 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 12 - Virginia Limited Liability Company Act|§ 13.1-1000. Short title

This chapter shall be known as the Virginia Limited Liability Company Act.1991, c. 168.
VA Code § 13.1-1001 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 12 - Virginia Limited Liability Company Act|§ 13.1-1001. Reservation of power to amend or repeal

The General Assembly shall have the power to amend or repeal all or part of this chapter at any time and all domestic and foreign limited liability companies subject to this chapter shall be governed by the amendment or repeal.1991, c. 168.
VA Code § 13.1-1001.1 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 12 - Virginia Limited Liability Company Act|§ 13.1-1001.1. Construction

A. Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.B. Sections 9-406 and 9-408 of the Uniform Commercial Code, including §§ 8.9A-406 and 8.9A-408, do not apply to any interest in a limited liability company, including all rights, powers and interests arising under the articles of organization or operating agreement of a limited liability company or this chapter. This provision prevails over §§ 8.9A-406 and 8.9A-408, and is expressly intended to permit the enforcement as a fundamental matter of contract among the members of a limited liability company of any provision of an operating agreement that would otherwise be ineffective under § 9-406 or § 9-408 of the Uniform Commercial Code.C. This chapter shall be construed in furtherance of the policies of giving maximum effect to the principle of freedom of contract and of enforcing operating agreements.1993, c. 113; 2003, c. 340.
VA Code § 13.1-1003.1 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 12 - Virginia Limited Liability Company Act|§ 13.1-1003.1. Filings with the Commission pursuant to reorganization

A. Notwithstanding anything to the contrary contained in § 13.1-1003, 13.1-1011, 13.1-1014, 13.1-1014.1, 13.1-1050, 13.1-1072, or 13.1-1085, whenever, pursuant to any applicable statute of the United States relating to reorganizations of limited liability companies, a plan of reorganization of a limited liability company has been confirmed by the decree or order of a court of competent jurisdiction, the limited liability company may put into effect and carry out the plan and decrees of the court relative thereto (i) through one or more amendments to the limited liability company's articles of organization containing terms and conditions permitted by this chapter; (ii) through a plan of merger or entity conversion; or (iii) through cancellation, without action by the managers or members, to carry out the plan of reorganization decreed or ordered by the court of competent jurisdiction under federal statute.B. The individual or individuals designated by the court shall deliver to the Commission for filing articles of amendment, restatement, merger, entity conversion, or cancellation, which, in addition to the matters otherwise required or permitted by law to be set forth therein, shall set forth:1. The name of the limited liability company;2. Any provision relating to the amendment or amendments, plan of merger or entity conversion, or cancellation approved by the court;3. The name of the court and the date of the court's order or decree approving the amendment, plan of merger or entity conversion, or cancellation;4. The title and case number, if any, of the reorganization proceeding in which the order or decree was entered; and5. A statement that the court had jurisdiction of the proceeding under federal statute.C. If the Commission finds that the articles of amendment, restatement, merger, entity conversion, or cancellation comply with the requirements of law and that all required fees have been paid, it shall issue a certificate of amendment, restatement, merger, entity conversion, or cancellation.D. This section does not apply after entry of a final decree in the reorganization proceeding even though the court retains jurisdiction of the proceeding for limited purposes unrelated to consummation of the reorganization plan.2016, c. 288.
VA Code § 13.1-1005 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 12 - Virginia Limited Liability Company Act|§ 13.1-1005. Fees

The Commission shall charge and collect the following fees:1. For filing any one of the following, the fee shall be $100:a. Articles of organization.b. An application for registration as a foreign limited liability company.c. Articles of entity conversion to convert a limited liability company to a domestic business trust or to convert a domestic partnership or limited partnership to a limited liability company.d. Articles of domestication.e. A statement of protected series designation.f. An application for registration as a foreign protected series.2. For filing any one of the following, the fee shall be $25:a. Articles of amendment.b. Articles of cancellation.c. Articles of correction referred to in § 13.1-1011.1, a copy of an amendment or correction referred to in § 13.1-1055, or an amended application for registration referred to in § 13.1-1055, provided that an amended application shall not require a separate fee when it is filed with a copy of an amendment or a correction referred to in § 13.1-1055.d. A copy of an instrument of merger of a foreign limited liability company referred to in § 13.1-1060.e. Articles of merger.f. Articles of entity conversion to convert a limited liability company to a domestic corporation, in addition to a charter fee ascertained in accordance with § 13.1-615.1.g. A copy of an instrument of entity conversion of a foreign limited liability company holding a certificate of registration to transact business in the Commonwealth.h. Articles of restatement.i. Articles of organization surrender.j. An application for a certificate of cancellation to cancel a certificate of registration as a foreign limited liability company.k. A statement of designation change pursuant to § 13.1-1095 or 13.1-1096.l. A statement of designation cancellation.m. An application for a certificate of cancellation to cancel a certificate of registration as a foreign protected series.3. For filing any one of the following, the fee shall be $10:a. An application to reserve or to renew the reservation of a name for use by a domestic or foreign limited liability company.b. A notice of the transfer of a name reserved for use by a domestic or a foreign limited liability company.4. For issuing a certificate pursuant to § 13.1-1067 or 13.1-1099, $6 for each certificate.1991, c. 168; 1992, cc. 574, 575; 1993, c. 113; 1995, c. 368; 1998, c. 432; 2001, c. 545; 2002, c. 1; 2003, c. 379; 2004, c. 274; 2005, c. 255; 2006, cc. 748, 912; 2007, c. 810; 2008, c. 108; 2012, c. 130; 2019, c. 636; 2021, Sp. Sess. I, c. 487.
VA Code § 13.1-1006 (2021)
2021 Code of Virginia|Title 13.1 - Corporations|Chapter 12 - Virginia Limited Liability Company Act|§ 13.1-1006. Penalty for signing false documents

A. It shall be unlawful for any person to sign a document he knows is false in any material respect with intent that the document be delivered to the Commission for filing.B. Any person who violates the provisions of this section shall be guilty of Class 1 misdemeanor.1991, c. 168.