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.
§ 13.1-932. (Effective until January 1, 2027) Corporate records.
A. A corporation shall keep as permanent records minutes of all meetings of its members and board of directors, a record of all actions taken by the members or board of directors without a meeting, and a record of all actions taken by a committee of the board of directors in place of the board of directors on behalf of the corporation.
B. A corporation shall maintain appropriate accounting records.
C. A corporation or its agent shall maintain a record of its members, in a form that permits preparation of a list of the names and addresses of all members, in alphabetical order by class, if any.
D. A corporation shall maintain its records in written form or in another form capable of conversion into written form within a reasonable time.
E. A corporation shall keep a copy of the following records:
1. Its articles or restated articles of incorporation, all amendments to them currently in effect, and any notices to members referred to in subdivision L 5 of § 13.1-804 regarding facts on which a filed document is dependent;
2. Its bylaws or restated bylaws and all amendments to them currently in effect;
3. Resolutions adopted by its board of directors creating one or more classes of members, and fixing their relative rights, preferences, and limitations;
4. The minutes of all members' meetings, and records of all action taken by members without a meeting, for the past three years;
5. All written communications to members generally within the past three years;
6. A list of the names and business addresses of its current directors and officers; and
7. Its most recent annual report delivered to the Commission under § 13.1-936.
Code 1950, § 13.1-228; 1956, c. 428; 1975, c. 500; 1985, c. 522; 2007, c. 925.
§ 13.1-932. (Effective January 1, 2027) Corporate records.
A. A corporation shall keep as permanent records minutes of all meetings of its members and board of directors, a record of all actions taken by the members or board of directors without a meeting, and a record of all actions taken by a committee of the board of directors in place of the board of directors on behalf of the corporation.
B. A corporation shall maintain accounting records in a form that permits preparation of its financial statements.
C. If the corporation has members, it shall maintain a record of its current members in alphabetical order by class, if any. Nothing in this subsection shall require the corporation to maintain, include in such record, or distribute to its members the electronic mail address or other electronic contact information of any member.
D. A corporation shall maintain the records provided for in subsections C and E and subsection B of § 13.1-933 in the form of a document, including an electronic record or in another form capable of conversion into paper form within a reasonable time.
E. A corporation shall maintain the following records:
1. A copy of its articles of incorporation as currently in effect, and any notices to members referred to in subdivision K 5 of § 13.1-804 specifying facts on which a filed document is dependent if those facts are not included in the articles of incorporation or otherwise available as specified in subdivision K 5 of 13.1-804;
2. Its bylaws as currently in effect;
3. If the corporation has members, resolutions adopted by its board of directors creating one or more classes of members, and fixing their relative rights, preferences, and limitations;
4. If the corporation has members, the minutes of all members' meetings, and records of all action taken by members without a meeting, for the past three years;
5. If the corporation has members, all written communications to members generally within the past three years;
6. A list of the names and business addresses of its current directors and officers; and
7. A copy of its most recent annual report filed with the Commission under § 13.1-936.
Code 1950, § 13.1-228; 1956, c. 428; 1975, c. 500; 1985, c. 522; 2007, c. 925; 2026, cc. 393, 394.