{"data":{"id":"us-va/va.-code-13.1-906","jurisdiction":"us-va","citation":"Va. Code § 13.1-906","heading":"Effect of dissolution","body":"A. A dissolved corporation continues its corporate existence but may not transact any business except that appropriate to wind up and liquidate its business and affairs, including:1. Collecting its assets;2. Disposing of its properties;3. Discharging or making provision for discharging its liabilities;4. Distributing its remaining property; and5. Doing every other act necessary to wind up and liquidate its business and affairs.B. Dissolution of a corporation does not:1. Transfer title to the corporation's property;2. Subject its directors to standards of conduct different from those prescribed in § 13.1-870;3. Change quorum or voting requirements for its board of directors or members; change provisions for selection, resignation, or removal of its directors or officers; or change provisions for amending its bylaws;4. Prevent commencement of a proceeding by or against the corporation in its corporate name;5. Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or6. Terminate the authority of the registered agent of the corporation.1985, c. 522; 2007, c. 925.","path":["Title 13.1. CORPORATIONS","Chapter 10. VIRGINIA NONSTOCK CORPORATION ACT","Article 13. DISSOLUTION"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-906/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"a5e6833d29bbf46f16f0019f80d829f213c275800d78705eaf3fcd3f6dd13f1d","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-905","next":"us-va/va.-code-13.1-907"},"notice":"GroundRules: Original legal text. Not legal advice."}