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Virginia Law

Code of Virginia

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Code of Virginia
Title 13.1. Corporations
Chapter 10. Virginia Nonstock Corporation Act
7/12/2026

§ 13.1-901.1. (Effective January 1, 2027) Dissolution; generally.

A corporation organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:

1. At the time or on the happening of any events specified in writing in the articles of incorporation or bylaws;

2. Dissolution by directors pursuant to § 13.1-903;

3. Dissolution by directors and members pursuant to § 13.1-902;

4. The entry of a decree of judicial dissolution under § 13.1-909;

5. Automatic termination of its existence pursuant to § 13.1-914; or

6. Involuntary termination of its existence pursuant to § 13.1-915.

2026, cc. 393, 394.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.