Title 13.1. Corporations
Chapter 10. Virginia Nonstock Corporation Act
This section has more than one version with varying effective dates. Scroll down to see all versions.
§ 13.1-810.1. (Effective January 1, 2027) Number of members.
A. For purposes of this chapter, the following identified as a member in a corporation's current record of members constitutes one member:
1. Two or more persons who together have a single membership interest in the corporation;
2. A corporation, limited liability company, partnership, limited partnership, business trust, trust, estate, or other entity; or
3. The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
B. For purposes of this chapter, membership interests registered in substantially similar names constitute one member if it is reasonable to believe that the names represent the same person.
§ 13.1-810.1. (Effective until January 1, 2027) Number of members.
A. For purposes of this Act, the following identified as a member in a corporation's current record of members constitutes one member:
1. Two or more persons who together have a single membership interest in the corporation;
2. A corporation, limited liability company, partnership, limited partnership, business trust, trust, estate, or other entity; or
3. The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.
B. For purposes of this Act, membership interests registered in substantially similar names constitute one member if it is reasonable to believe that the names represent the same person.
