A corporation created under this chapter may derive funds from the sale of its shares and debentures, from loans from its members on the terms and conditions set forth in this chapter, from any other financial institution or person and from any agency established by the federal government or the Commonwealth of Virginia.
Va. Code Ann. § 13.1-986
How funds may be derived
Known as the Virginia Industrial Development Corporation Act
The act spans §§ 13.1-981 to 13.1-998 (18 sections).
Code 1950, § 13.1-144.1; 1972, c. 693; 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.