Virginia § 13.1-986 - How funds may be derived
Full text of Virginia Code of Virginia § 13.1-986 — How funds may be derived, with citation guidance and answers to common questions.
§ 13.1-986. How funds may be derived
A corporation created under this chapter may derive funds from the sale of its shares and debentures, from loans from its members on the terms and conditions set forth in this chapter, from any other financial institution or person and from any agency established by the federal government or the Commonwealth of Virginia.
Code 1950, § 13.1-144.1; 1972, c. 693; 1985, c. 522.
Frequently Asked Questions About Virginia § 13.1-986
What does Code of Virginia § 13.1-986 cover?
Section 13.1-986 ("How funds may be derived") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 13.1-986?
A common citation format is "Code of Virginia § 13.1-986" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 13.1-986 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.