{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-903.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-903.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-903.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-903.html"}],"law_id":347106,"edition_id":2,"section_id":347106,"structure_id":49823,"section_number":"13.1-903","catch_line":"Dissolution by directors","history":"Code 1950, \u00a7 13.1-248; 1956, c. 428; 1985, c. 522.","full_text":"Where there are no members, or no members having voting rights, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.\n\n","order_by":null,"text":{"0":{"id":1295303,"text":"Where there are no members, or no members having voting rights, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49823,"edition_id":2,"name":"Dissolution","identifier":"13","label":"article","depth":3,"order_by":15,"parent_id":49808,"metadata":{"child_laws":20,"child_structures":0},"date_created":"2026-08-02 02:16:11","date_modified":"2026-08-02 12:29:17","permalink":{"id":1374695,"object_type":"structure","relational_id":49823,"identifier":"13","token":"13.1\/10\/13","url":"\/13.1\/10\/13\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49808,"edition_id":2,"name":"Virginia Nonstock Corporation Act","identifier":"10","label":"chapter","depth":2,"order_by":13,"parent_id":49726,"metadata":{"child_laws":183,"child_structures":21},"date_created":"2026-08-02 02:15:48","date_modified":"2026-08-02 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existence","url":"\/13.1-915\/","token":"13.1\/10\/13\/13.1-915","metadata":false},{"id":347122,"structure_id":49823,"section_number":"13.1-916","catch_line":"Reinstatement of a corporation that has ceased to exist","url":"\/13.1-916\/","token":"13.1\/10\/13\/13.1-916","metadata":false},{"id":347123,"structure_id":49823,"section_number":"13.1-917","catch_line":"Survival of remedy after termination of corporate existence","url":"\/13.1-917\/","token":"13.1\/10\/13\/13.1-917","metadata":false},{"id":347124,"structure_id":49823,"section_number":"13.1-918","catch_line":"Repealed","url":"\/13.1-918\/","token":"13.1\/10\/13\/13.1-918","metadata":false}],"previous_section":{"id":347105,"structure_id":49823,"section_number":"13.1-902","catch_line":"Dissolution by directors and members","url":"\/13.1-902\/","token":"13.1\/10\/13\/13.1-902","metadata":false},"next_section":{"id":347107,"structure_id":49823,"section_number":"13.1-904","catch_line":"Articles of dissolution","url":"\/13.1-904\/","token":"13.1\/10\/13\/13.1-904","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-903\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 428; in 1985, chapter 522.<\/p>","references":[{"id":347110,"section_number":"13.1-907","catch_line":"Distribution and plan of distribution of assets","order_by":null,"url":"\/13.1-907\/"}],"refers_to":false,"permalink":{"id":1374701,"object_type":"law","relational_id":347106,"identifier":"13.1-903","token":"13.1\/10\/13\/13.1-903","url":"\/13.1-903\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-903\/","token":"13.1\/10\/13\/13.1-903","dublin_core":{"Title":"Dissolution by directors","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-903","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Where there are no <span class=\"dictionary\">members<\/span>, or no <span class=\"dictionary\">members<\/span> having voting rights, the dissolution of the <span class=\"dictionary\">corporation<\/span> shall be authorized at a meeting of the <span class=\"dictionary\">board of directors<\/span> upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDISSOLUTION BY DIRECTORS (\u00a7 13.1-903)\n\nWhere there are no members, or no members having voting rights, the dissolution\nof the corporation shall be authorized at a meeting of the board of directors\nupon the adoption of a resolution to dissolve by the vote of a majority of the\ndirectors in office.\n\nHISTORY: Code 1950, \u00a7 13.1-248; 1956, c. 428; 1985, c. 522.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}