Articles of Incorporation of a Virginia Stock Corporation are the documents that must be filed with the Virginia State Corporation Commission in order to legally form a stock corporation in the state of Virginia. The articles typically include the name of the corporation, its address, the number of authorized shares, the name and address of the incorporated, the name and address of the registered agent, the purpose of the corporation, the duration of the corporation, and the names and addresses of the initial directors. Depending on the type of corporation, other information may also be required. There are two types of Articles of Incorporation of a Virginia Stock Corporation: the standard form and the short form. The standard form is used for most stock corporations. It requires more information than the short form and is more detailed. The short form is used for corporations with fewer than five directors or those that are wholly owned by another corporation.
Articles Of Incorporation Of A Virginia Stock Corporation
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Authorize or approve the issuance or sale or contract for sale of shares, or determine the designation and rights, preferences, and limitations of a class or series of shares, except that the board of directors may (i) authorize a committee to do so subject to such limits, if any, as may be prescribed by the board of
.scc.virginia.gov/clk Certified copies of business entity documents filed in the Clerk's Office are available online for $6.00 per request. If all images are available, certified images are done in real time.
There are two types of corporations in Virginia, stock corporations, which are authorized to issue shares to persons who become shareholders, the owners of the corporation, and nonstock corporations, which may have members, but not owners.
A. The articles of incorporation, the bylaws, an agreement among shareholders, or an agreement between shareholders and the corporation may impose restrictions on the transfer or registration of transfer of shares of the corporation.
Directors shall have the right to take any action in the absence of a meeting which they could take at a meeting by obtaining the written approval of all of the Directors. Any action approved shall have the same effect as though taken at a meeting of the Directors.
Stock corporations are legal entities. They are considered separate from their owners and have the ability to issue unlimited shares. Stock corporations can last as long as the owners wish.
A. A foreign corporation may not transact business in the Commonwealth until it obtains a certificate of authority from the Commission. 11.
Any person, whether or not then a director, may provide that a consent to action as a director shall be effective at a future time, including the time when an event occurs, but such future time shall not be more than 60 days after such provision is made.