A corporation may pay the expenses of selling or underwriting its shares, and of organizing or reorganizing the corporation, from the consideration received for shares.
Va. Code Ann. § 13.1-650
Expense of issue
Known as the Virginia Stock Corporation Act
The act spans §§ 13–13 (265 sections).
1985, c. 522.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.