§ 13.1-309.1 — Foreign cooperatives

Virginia § 13.1-309.1

• Jurisdiction: Virginia
• Title 13.1: CORPORATIONS
• Ch. 3: COOPERATIVE ASSOCIATIONS
• Art. 1: COOPERATIVE ASSOCIATIONS GENERALLY

Text

A foreign cooperative whose purpose shall include one or more of the purposes recognized for domestic cooperatives under this title or any other title of the Code of Virginia shall be authorized to do business under the provisions of this chapter by complying with the laws relating to foreign corporations doing business in the Commonwealth. The foreign cooperative shall deliver to the Commission the documents required by § 13.1-759 if a stock cooperative, or by § 13.1-921 if a nonstock cooperative along with a copy of the cooperative's bylaws. Upon such compliance, the foreign cooperative shall have all the rights and privileges of a domestic cooperative. No foreign cooperative association authorized to do business in this Commonwealth under the provisions of this article shall conduct any business in this Commonwealth as a public service company or exercise any privileges of such company.

Legislative History

1992, c. 653; 1994, c. 217.