Virginia § 6.2-808 - Incorporation; corporate powers
Full text of Virginia Code of Virginia § 6.2-808 — Incorporation; corporate powers, with citation guidance and answers to common questions.
§ 6.2-808. Incorporation; corporate powers
A. A bank may be incorporated under the Virginia Stock Corporation Act (§ 13.1-601 et seq.), but need not comply with the provisions of subsection A of § 13.1-630.
B. Except as otherwise provided in this chapter, a bank shall:
1. Have all the powers conferred on corporations, and be subject to all restrictions imposed on corporations, by the Virginia Stock Corporation Act;
2. Not issue its shares for any consideration except money at least equal in amount to the par value of its shares; and
3. Not issue no-par stock.
Code 1950, § 6-10; 1956, c. 433; 1966, c. 584, § 6.1-6; 1987, c. 556; 2010, c. 794.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 6.2-808
What does Code of Virginia § 6.2-808 cover?
Section 6.2-808 ("Incorporation; corporate powers") 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 § 6.2-808?
A common citation format is "Code of Virginia § 6.2-808" (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 § 6.2-808 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.