Va. Code Ann. § 13.1-884

Authority to amend articles of incorporation

Known as the Virginia Nonstock Corporation Act

The act spans §§ 13.1-801 to 13.1-946 (183 sections).

Applied in 2 court decisions — leading case Kappa Sigma Fraternity, Inc. v. Kappa Sigma Fraternity (2003)

Most recently applied in Kappa Sigma Fraternity, Inc. v. Kappa Sigma Fraternity (October 2003)

Code 1950, § 13.1-235; 1956, c. 428; 1985, c. 522.

A. A corporation may amend its articles of incorporation at any time to add or change a provision that is required or permitted in the articles or to delete a provision not required in the articles. Whether a provision is required or permitted in the articles of incorporation is determined as of the effective date of the amendment.

B. A member of the corporation does not have a vested property right resulting from any provision in the articles of incorporation, including provisions relating to management, control, capital structure, purpose, or duration of the corporation.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.