Virginia Statutes
§ 13.1-548 — Corporation not to engage in other business; investment of funds
Virginia § 13.1-548
This text of Virginia § 13.1-548 (Corporation not to engage in other business; investment of funds) 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. § 13.1-548 (2026).
Text
No corporation organized under this chapter shall engage in any business other than the rendering of the professional services for which it was specifically incorporated; provided, however, nothing in this chapter or in any other provisions of existing law applicable to corporations shall be interpreted to prohibit such corporation from investing its funds in real estate, mortgages, stocks, bonds or any other type of investments, from owning real or personal property, or from exercising any other investment power granted to corporations under this title and not in conflict with the provisions of this chapter.
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Legislative History
1970, c. 77; 1975, c. 543.
Nearby Sections
15
§ 13.1-1
Repealed§ 13.1-1000
Short title§ 13.1-1001
Reservation of power to amend or repeal§ 13.1-1001.1
Construction§ 13.1-1002
Definitions§ 13.1-1003
Filing requirements§ 13.1-1005
Fees§ 13.1-1006
Penalty for signing false documents§ 13.1-1007
Unlawful to transact or offer to transact business as a limited liability company unless authorized§ 13.1-1008
Purposes§ 13.1-1009
Powers§ 13.1-1010
Organizers§ 13.1-1010.1
RepealedCite This Page — Counsel Stack
Bluebook (online)
Virginia § 13.1-548, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/13.1/13.1-548.