Virginia § 13.1-810.1 Number of members

Virginia Statutes

§ 13.1-810.1 — Number of members

Virginia § 13.1-810.1

Title 13.1CORPORATIONS

Ch. 10VIRGINIA NONSTOCK CORPORATION ACT

Art. 1General Provisions

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Bluebook

Va. Code Ann. § 13.1-810.1 (2026).

Text

A.For purposes of this Act, the following identified as a member in a corporation's current record of members constitutes one member:

1.Two or more persons who together have a single membership interest in the corporation;

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 Act, membership interests registered in substantially similar names constitute one member if it is reasonable to believe that the names represent the same person.

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A. For purposes of this Act, the following identified as a member in a corporation's current record of members constitutes one member:

1. Two or more persons who together have a single membership interest in the corporation;

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 Act, membership interests registered in substantially similar names constitute one member if it is reasonable to believe that the names represent the same person.