(Effective January 1, 2027) Dissolution; generally
Va. Code Ann. § 13.1-901.1
in effectA corporation organized under this chapter is dissolved and its affairs shall be wound up upon the happening of the first to occur of the following events:
1. At the time or on the happening of any events specified in writing in the articles of incorporation or bylaws;
2. Dissolution by directors pursuant to § 13.1-903 ;
3. Dissolution by directors and members pursuant to § 13.1-902 ;
4. The entry of a decree of judicial dissolution under § 13.1-909 ;
5. Automatic termination of its existence pursuant to § 13.1-914 ; or
6. Involuntary termination of its existence pursuant to § 13.1-915 .
2026, cc. 393 , 394 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-901.1/Fetched: 10/16/2026