{"data":{"id":"us-va/va.-code-13.1-913","jurisdiction":"us-va","citation":"Va. Code § 13.1-913","heading":"Termination of corporate existence by incorporators or initial directors","body":"A majority of the initial directors or, if initial directors were not named in the articles of incorporation and have not been elected, the incorporators of a corporation that has not commenced business may dissolve the corporation and terminate its corporate existence by filing with the Commission articles of termination of corporate existence that set forth:1. The name of the corporation;2. That the corporation has not commenced business;3. That no debt of the corporation remains unpaid;4. That the net assets of the corporation remaining after winding up have been distributed; and5. That a majority of the initial directors authorized the dissolution or that initial directors were not named in the articles of incorporation and have not been elected and a majority of the incorporators authorized the dissolution.1985, c. 522; 1986, c. 234; 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/13.1-913/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"3c9cf18e3ba4ec3113a1d8870ad06139f5f8149575e7712de9da90893de15992","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-912","next":"us-va/va.-code-13.1-914"},"notice":"GroundRules: Original legal text. Not legal advice."}