Virginia § 13.1-993 - Restrictions on amendments to articles of incorporation
Full text of Virginia Code of Virginia § 13.1-993 — Restrictions on amendments to articles of incorporation, with citation guidance and answers to common questions.
§ 13.1-993. Restrictions on amendments to articles of incorporation
No amendment to the articles of incorporation shall be made which increases the obligation of a member to make loans to the corporation or which makes any change in the principal amount, interest rate, maturity date, or in the security or credit position of any outstanding loan made by a member to the corporation or which affects the right of a member to withdraw from membership or the voting rights of such member, without the consent of each member who would be affected by such amendment.
Code 1950, § 13.1-150; 1960, c. 80; 1985, c. 522.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 13.1-993
What does Code of Virginia § 13.1-993 cover?
Section 13.1-993 ("Restrictions on amendments to articles of incorporation") 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 § 13.1-993?
A common citation format is "Code of Virginia § 13.1-993" (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 § 13.1-993 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.