Va. Code § 13.1-305

Current with changes from the 2024 legislative session through ch. 845

Section 13.1-305 - Rights of subscribers before full payment

Certificates of stock of a stock cooperative association shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as stockholders provided part of the stock subscribed for has been paid in cash.

Va. Code § 13.1-305

Code 1950, § 13-242; 1956, c. 428; 1994, c. 217.

Amended by Acts 1994, § c. 217.

Amended by Acts 1956, § c. 428.