The New Virginia Stock Corporation Act: A Primer
Murphy, Daniel T.
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- 1998Willard ex rel. Moneta Building Supply, Inc. v. Moneta Building Supply, Inc. Bedford Cty. Cir. Ct.
- 1991Virginia Leasing & Systems Corp. v. Laughlin Campbell Cty. Cir. Ct.
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Abstract
During its 1985 session, the Virginia General Assembly enacted a new stock corporation statute for Virginia ("Revised Statute"). The new statute became effective January 1, 1986. The Revised Statute represents a complete revision of the Virginia corporation statute and is the result of a thorough review of prior law. This article will discuss some of the significant changes in Virginia corporate law effected by the Revised Statute and will offer some guidelines for the interpretation and application of its provisions.