CODE OF VIRGINIA

ELECTION OF STATUS AFTER FORMATION (§ 13.1-785)

A corporation that was not formed as a benefit corporation may become a benefit
corporation by amending its articles so that they contain, in addition to
matters required by § 13.1-619, a statement that the corporation is a benefit
corporation. Any such amendment to the articles of incorporation shall be
adopted in accordance with the procedures set forth in § 13.1-707; however, the
amendment shall be approved by all shareholders entitled to vote on the
amendment, or if no shares have yet been issued, in accordance with § 13.1-709.

HISTORY: 2011, c. 698.