{"data":{"id":"us-va/va.-code-13.1-982","jurisdiction":"us-va","citation":"Va. Code § 13.1-982","heading":"Definitions","body":"As used in this chapter, unless a different meaning is required by the context, the following words and phrases shall have the following meanings:\"Board of directors.\" -- The board of directors of a corporation created under this chapter.\"Commission.\" -- The State Corporation Commission of Virginia.\"Corporation.\" -- A Virginia industrial development corporation created under the provisions of this chapter.\"Financial institution.\" -- Any bank, trust company, savings institution, industrial loan association or insurance company.\"Loan limit.\" -- For any member, the maximum amount permitted to be outstanding at one time on loans made by such member to a corporation as determined under the provisions of this chapter.\"Member.\" -- Any financial institution which shall undertake to lend money to a corporation created under this chapter, upon its call and in accordance with the provisions of this chapter.Code 1950, § 13.1-141; 1960, c. 80; 1985, c. 522; 1996, c. 77.","path":["Title 13.1. CORPORATIONS","Chapter 11. INDUSTRIAL DEVELOPMENT CORPORATIONS"],"source_url":"https://law.lis.virginia.gov/vacode/13.1-982/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:14:14Z","sha256":"0ed33fe8b095e1c6d157d532592b6c276ea78f0acce6ad3c9117dd2102025387","source_id":"us-va","stale":true,"prev":"us-va/va.-code-13.1-981","next":"us-va/va.-code-13.1-983"},"notice":"GroundRules: Original legal text. Not legal advice."}