{"data":{"id":"us-va/va.-code-13.1-303","jurisdiction":"us-va","citation":"Va. Code § 13.1-303","heading":"Investment in other stock","body":"At any regular meeting or any regularly called special meeting of a stock cooperative association at which at least a majority of all its stockholders shall be present or represented, any such association may by a majority vote of the stockholders present or represented subscribe for shares and invest its capital or reserve fund in the capital stock of any corporation or cooperative association; provided that it shall not so invest a total amount in excess of twenty-five percent of the amount of its capital stock.Code 1950, § 13-240; 1956, c. 428; 1994, c. 217.","path":["Title 13.1. CORPORATIONS","Chapter 3. COOPERATIVE ASSOCIATIONS","Article 1. COOPERATIVE ASSOCIATIONS GENERALLY"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-303/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"9db4f29794c12e1d3174f83612e81f320fba7bfe834e147d86ff0952364d5abe","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-302","next":"us-va/va.-code-13.1-304"},"notice":"GroundRules: Original legal text. Not legal advice."}