Benefit Corporations

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This is Article 22 of the Code of Virginia, titled “Benefit Corporations.” It is part of Chapter 9 “Virginia Stock Corporation Act”, which is part of Title 13.1 “Corporations”.

It’s comprised of the following 11 sections.

§ 13.1-782	Definitions
§ 13.1-783	Application and effect of article
§ 13.1-784	Formation of benefit corporations
§ 13.1-785	Election of status after formation
§ 13.1-786	Termination of status
§ 13.1-787	Corporate purposes
§ 13.1-788	Standard of conduct for directors
§ 13.1-789	Limitation upon liability of officers
§ 13.1-790	Right of action
§ 13.1-791	Annual benefit report
§ 13.1-792	Reserved