What is a nonstock corporation in Virginia?

Unlike a stock corporation that issues shares of stock to investors who then become "owners" and are entitled to share in the corporation's profits, a nonstock corporation does not have any shareholders or "owners."

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Virginia Articles Of Termination Of Corporate Existence By Initial...

Virginia Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporators Nonstock Corporation

Name: Virginia Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporators Nonstock Corporation
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.76 (249 reviews)

Category:

Virginia Secretary of State - Corporation

State:

Virginia

Control #:

VA-SCC-913

Format:

Instant download

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Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporators Nonstock Corporation Virginia Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporates Nonstick Corporation is a legal document used to terminate the existence of a Virginia nonstick corporation. This document is filed with the Virginia State Corporation Commission and must be signed by the initial directors or incorporates of the corporation. The document must include the name and address of the corporation, the date of dissolution, and the name and address of the registered agent. Different types of Virginia Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporates Nonstick Corporation include a Voluntary Dissolution, an Involuntary Dissolution, and a Dissolution due to Merger or Consolidation.

Virginia Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporates Nonstick Corporation is a legal document used to terminate the existence of a Virginia nonstick corporation. This document is filed with the Virginia State Corporation Commission and must be signed by the initial directors or incorporates of the corporation. The document must include the name and address of the corporation, the date of dissolution, and the name and address of the registered agent. Different types of Virginia Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporates Nonstick Corporation include a Voluntary Dissolution, an Involuntary Dissolution, and a Dissolution due to Merger or Consolidation.

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A. A director shall discharge his duties as a director, including his duties as a member of a committee, in ance with his good faith business judgment of the best interests of the corporation.

Unlike a stock corporation that issues shares of stock to investors who then become "owners" and are entitled to share in the corporation's profits, a nonstock corporation does not have any shareholders or "owners."

A corporation's board of directors may restate its articles of incorporation at any time with or without member approval. B. The restatement may include one or more new amendments to the articles.

An assignee who has become a member has, to the extent assigned, the rights and powers, and is subject to the restrictions and liabilities, of a member under the articles of organization, any operating agreement and this chapter.

A. A foreign corporation may not transact business in the Commonwealth until it obtains a certificate of authority from the Commission. 11.

The corporation must have been dissolved voluntarily by filing articles of dissolution, and the dissolution must not have been revoked. The chairman or any vice-chairman of the board of directors, the president, or any other of its officers authorized to act on behalf of the corporation must sign the articles.

Unless the bylaws require otherwise, if an annual or special meeting is adjourned to a different date, time, or place, notice need not be given if the new date, time, or place, if any, is announced at the meeting before adjournment.

To dissolve your Virginia Corporation that has not issued shares or has not commenced business, you file Form SCC751, Articles of Termination of Corporate Existence. This form needs to be signed by a majority of initial directors or if there are none, by a majority of the incorporators.

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Complete and file form SCC912 or prepare articles that meet the requirements of § 13.1-. 912 of the Code of Virginia.In the case of nonstock corporations, the fact that they are not authorized to issue capital stock shall be stated in the certificate of incorporation. 23 (relating to business corporations generally). These instructions relate to such matters as corporate name, stated purposes, term of existence, nonstock. (4) For a limited liability company, the articles of organization. A corporation shall have perpetual existence unless its articles of incorporation provides otherwise. These words or initials shall be the last word of the name of the professional corporation. 17-3-104. Shareholders: Owners of the corporation in proportion to their ownership of corporate stock outstanding. These people may be the same (ie.

Virginia Articles Of Termination Of Corporate Existence By Initial Directors Or Incorporators Nonstock Corporation

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