Virginia § 58.1-2631 - Gross receipts in cases of consolidation or merger
Full text of Virginia Code of Virginia § 58.1-2631 — Gross receipts in cases of consolidation or merger, with citation guidance and answers to common questions.
§ 58.1-2631. Gross receipts in cases of consolidation or merger
Whenever there is a consolidation or merger of corporations taxable under § 58.1-2626 or taxable under Article 6 (§ 58.1-2660 et seq.) of this chapter, liability for the taxes shall attach to the corporation thus formed and the gross receipts which shall be used for measuring the license tax or special regulatory revenue tax of the corporation thus formed shall include the gross receipts of the corporations which were consolidated or merged.
Code 1950, § 58-507; 1984, c. 675; 1988, c. 899; 2002, c. 502.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 58.1-2631
What does Code of Virginia § 58.1-2631 cover?
Section 58.1-2631 ("Gross receipts in cases of consolidation or merger") 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 § 58.1-2631?
A common citation format is "Code of Virginia § 58.1-2631" (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 § 58.1-2631 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.