Virginia § 38.2-1003 - When corporate status attained; bylaws filed with Commission
Full text of Virginia Code of Virginia § 38.2-1003 — When corporate status attained; bylaws filed with Commission, with citation guidance and answers to common questions.
§ 38.2-1003. When corporate status attained; bylaws filed with Commission
A domestic mutual insurer shall have legal existence as soon as the charter has been recorded with the Commission, after which the board of directors named in the charter may adopt bylaws and accept applications for insurance. However, no insurance shall be put in force until the insurer has been licensed to transact the business of insurance as provided by this chapter. The bylaws and any amendments shall be filed with the Commission within thirty days after adoption.
Code 1950, § 38-503; 1952, c. 317, § 38.1-76; 1986, c. 562.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 38.2-1003
What does Code of Virginia § 38.2-1003 cover?
Section 38.2-1003 ("When corporate status attained; bylaws filed with Commission") 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 § 38.2-1003?
A common citation format is "Code of Virginia § 38.2-1003" (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 § 38.2-1003 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.