§ 38.2-4518 Renewal of nonstock corporation license
A. Each nonstock corporation licensed under this chapter shall renew its license annually by July 1. The renewal license shall not be issued unless the nonstock corporation has complied with all requirements of law.
B. The Commission shall not fail or refuse to renew the license of any nonstock corporation without first giving the nonstock corporation ten days’ notice of its intention not to renew the license and giving it an opportunity to be heard and to introduce evidence in its behalf. Any nonrenewal hearing may be informal, and the required notice may be waived by the Commission and the nonstock corporation.
History
This law was first created in 1980. The record of its establishment is cataloged in chapter 682 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1980 “Acts” aren’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1986, chapter 562; in 1987, chapters 565 and 655.
1980, c. 682, § 38.1-907; 1986, c. 562; 1987, cc. 565, 655.