(Effective January 1, 2027) Survival of remedy after termination of corporate existence

Va. Code Ann. § 13.1-917
in effect
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The termination of corporate existence shall not take away or impair any remedy available to or against the corporation or its directors, officers, or members, for any right or claim existing, or any liability incurred, prior to such termination. Any such action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The members, directors, and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim. Code 1950, § 13.1-264; 1956, c. 428; 1985, c. 522; 2007, c. 925 ; 2026, cc. 393 , 394 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-917/Fetched: 10/16/2026

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