Code of Virginia § 13.1-785. Election of status after formation.
96 words·~1 min read·
/va/title-13-1/chapter-9/13-1-785A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A corporation that was not formed as a benefit corporation may become a benefit corporation by amending its articles so that they contain, in addition to matters required by § 13.1-619 , a statement that the corporation is a benefit corporation. Any such amendment to the articles of incorporation shall be adopted in accordance with the procedures set forth in § 13.1-707 ; however, the amendment shall be approved by all shareholders entitled to vote on the amendment, or if no shares have yet been issued, in accordance with § 13.1-709 .
2011, c. 698 .