Virginia § 13.1-321 Members

Virginia Statutes

§ 13.1-321 — Members

Virginia § 13.1-321

Title 13.1CORPORATIONS

Ch. 3COOPERATIVE ASSOCIATIONS

Art. 2AGRICULTURAL COOPERATIVE ASSOCIATIONS

This text of Virginia § 13.1-321 (Members) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Va. Code Ann. § 13.1-321 (2026).

Text

(a)An association may admit as members only bona fide producers of agricultural products, including tenants and landlords receiving a share of the crop, and cooperative associations of such producers.

(b)The articles of incorporation may limit the amount of voting stock which a member may own.

(c)Under the terms and conditions prescribed in the bylaws a member shall lose his membership and his right to vote if he ceases to belong to the class eligible to membership under this section, but he shall remain subject to any liability incurred by him while a member of the association.

(d)No member shall be personally liable for any debt or liability of the association.

(e)No member shall have more than one vote.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) An association may admit as members only bona fide producers of agricultural products, including tenants and landlords receiving a share of the crop, and cooperative associations of such producers.

(b) The articles of incorporation may limit the amount of voting stock which a member may own.

(c) Under the terms and conditions prescribed in the bylaws a member shall lose his membership and his right to vote if he ceases to belong to the class eligible to membership under this section, but he shall remain subject to any liability incurred by him while a member of the association.

(d) No member shall be personally liable for any debt or liability of the association.

(e) No member shall have more than one vote.