Virginia § 13.1-611 Number of shareholders

Virginia Statutes

§ 13.1-611 — Number of shareholders

Virginia § 13.1-611

Title 13.1Corporations

Ch. 9Virginia Stock Corporation Act

Art. 1General Provisions

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Bluebook

Va. Code Ann. § 13.1-611 (2026).

Text

A.For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:

1.Three or fewer co-owners;

2.A corporation, limited liability company, partnership, limited partnership, business trust, trust, estate, or other entity; or

3.The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

B.For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.

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A. For purposes of this chapter, the following identified as a shareholder in a corporation's current record of shareholders constitutes one shareholder:

1. Three or fewer co-owners;

2. A corporation, limited liability company, partnership, limited partnership, business trust, trust, estate, or other entity; or

3. The trustees, guardians, custodians, or other fiduciaries of a single trust, estate, or account.

B. For purposes of this chapter, shareholdings registered in substantially similar names constitute one shareholder if it is reasonable to believe that the names represent the same person.