{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-305.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-305.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-305.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-305.html"}],"law_id":67196,"edition_id":1,"section_id":67196,"structure_id":14216,"section_number":"13.1-305","catch_line":"Rights of subscribers before full payment","history":"Code 1950, \u00a7 13-242; 1956, c. 428; 1994, c. 217.","full_text":"Certificates of stock of a stock cooperative association shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as stockholders provided part of the stock subscribed for has been paid in cash.","order_by":null,"text":{"0":{"id":243592,"text":"Certificates of stock of a stock cooperative association shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as stockholders provided part of the stock subscribed for has been paid in cash.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14216,"edition_id":1,"name":"Cooperative Associations Generally","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13350,"metadata":{},"date_created":"2026-06-26 03:47:19","date_modified":"2026-06-26 03:47:19","permalink":{"id":149521,"object_type":"structure","relational_id":14216,"identifier":"1","token":"13.1\/3\/1","url":"\/13.1\/3\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13350,"edition_id":1,"name":"Cooperative Associations","identifier":"3","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":149519,"object_type":"structure","relational_id":13350,"identifier":"3","token":"13.1\/3","url":"\/13.1\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":72299,"structure_id":14216,"section_number":"13.1-301","catch_line":"Organization of cooperative associations; purposes; name; par value stock required","url":"\/13.1-301\/","token":"13.1\/3\/1\/13.1-301","metadata":false},{"id":55416,"structure_id":14216,"section_number":"13.1-301.1","catch_line":"Amendments to articles of incorporation","url":"\/13.1-301.1\/","token":"13.1\/3\/1\/13.1-301.1","metadata":false},{"id":82162,"structure_id":14216,"section_number":"13.1-301.2","catch_line":"Adoption, change or repeal of bylaws; subject matter","url":"\/13.1-301.2\/","token":"13.1\/3\/1\/13.1-301.2","metadata":false},{"id":67915,"structure_id":14216,"section_number":"13.1-302","catch_line":"Limitation of individual stockholding","url":"\/13.1-302\/","token":"13.1\/3\/1\/13.1-302","metadata":false},{"id":64857,"structure_id":14216,"section_number":"13.1-303","catch_line":"Investment in other stock","url":"\/13.1-303\/","token":"13.1\/3\/1\/13.1-303","metadata":false},{"id":84790,"structure_id":14216,"section_number":"13.1-304","catch_line":"Purchase of business by issue of shares of stock","url":"\/13.1-304\/","token":"13.1\/3\/1\/13.1-304","metadata":false},{"id":67196,"structure_id":14216,"section_number":"13.1-305","catch_line":"Rights of subscribers before full payment","url":"\/13.1-305\/","token":"13.1\/3\/1\/13.1-305","metadata":false},{"id":67757,"structure_id":14216,"section_number":"13.1-306","catch_line":"Distribution of earnings","url":"\/13.1-306\/","token":"13.1\/3\/1\/13.1-306","metadata":false},{"id":80181,"structure_id":14216,"section_number":"13.1-307","catch_line":"Permissible limitation of stock ownership or voting rights","url":"\/13.1-307\/","token":"13.1\/3\/1\/13.1-307","metadata":false},{"id":76923,"structure_id":14216,"section_number":"13.1-308","catch_line":"Limitation of use of \"cooperative\" in corporate name","url":"\/13.1-308\/","token":"13.1\/3\/1\/13.1-308","metadata":false},{"id":85256,"structure_id":14216,"section_number":"13.1-309","catch_line":"Other cooperatives may come under article","url":"\/13.1-309\/","token":"13.1\/3\/1\/13.1-309","metadata":false},{"id":84047,"structure_id":14216,"section_number":"13.1-309.1","catch_line":"Foreign cooperatives","url":"\/13.1-309.1\/","token":"13.1\/3\/1\/13.1-309.1","metadata":false},{"id":65730,"structure_id":14216,"section_number":"13.1-310","catch_line":"Cooperative associations may give certain liens on rotating stocks","url":"\/13.1-310\/","token":"13.1\/3\/1\/13.1-310","metadata":false},{"id":83081,"structure_id":14216,"section_number":"13.1-311","catch_line":"Taxation","url":"\/13.1-311\/","token":"13.1\/3\/1\/13.1-311","metadata":false},{"id":81575,"structure_id":14216,"section_number":"13.1-311.1","catch_line":"Provisions relating to dissolution of and revocation of certificates of associations","url":"\/13.1-311.1\/","token":"13.1\/3\/1\/13.1-311.1","metadata":false}],"previous_section":{"id":84790,"structure_id":14216,"section_number":"13.1-304","catch_line":"Purchase of business by issue of shares of stock","url":"\/13.1-304\/","token":"13.1\/3\/1\/13.1-304","metadata":false},"next_section":{"id":67757,"structure_id":14216,"section_number":"13.1-306","catch_line":"Distribution of earnings","url":"\/13.1-306\/","token":"13.1\/3\/1\/13.1-306","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-305\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 428; in 1994, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?941+ful+CHAP0217\">217<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":149547,"object_type":"law","relational_id":67196,"identifier":"13.1-305","token":"13.1\/3\/1\/13.1-305","url":"\/13.1-305\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-305\/","token":"13.1\/3\/1\/13.1-305","dublin_core":{"Title":"Rights of subscribers before full payment","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-305","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Certificates of stock of a stock cooperative association shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as stockholders provided part of the stock subscribed for has been paid in cash.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nRIGHTS OF SUBSCRIBERS BEFORE FULL PAYMENT (\u00a7 13.1-305)\n\nCertificates of stock of a stock cooperative association shall not be issued to\nany subscriber until fully paid, but the bylaws of the association may allow\nsubscribers to vote as stockholders provided part of the stock subscribed for\nhas been paid in cash.\n\nHISTORY: Code 1950, \u00a7 13-242; 1956, c. 428; 1994, c. 217.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}