{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-310.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-310.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-310.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-310.html"}],"law_id":65730,"edition_id":1,"section_id":65730,"structure_id":14216,"section_number":"13.1-310","catch_line":"Cooperative associations may give certain liens on rotating stocks","history":"Code 1950, \u00a7 13-247; 1956, c. 428.","full_text":"Any cooperative association or corporation organized under the laws of this Commonwealth, or under the laws of the United States, or qualifying as a cooperative association under the laws of the United States, may give as security for any loan or loans obtained from any bank for cooperatives organized under any act of Congress a chattel mortgage or deed of trust covering stocks of goods or other things in bulk, but changing in specifics, in which case the lien of such mortgage or deed of trust shall be lost as to all articles disposed of by the mortgagor up to the time of foreclosure but shall attach to the articles purchased to supply their places; provided, however, no stock of goods shall be pledged by a cooperative association unless such stock has been fully paid for and is owned by the association without incumbrance at the time it is so pledged.","order_by":null,"text":{"0":{"id":238914,"text":"Any cooperative association or corporation organized under the laws of this Commonwealth, or under the laws of the United States, or qualifying as a cooperative association under the laws of the United States, may give as security for any loan or loans obtained from any bank for cooperatives organized under any act of Congress a chattel mortgage or deed of trust covering stocks of goods or other things in bulk, but changing in specifics, in which case the lien of such mortgage or deed of trust shall be lost as to all articles disposed of by the mortgagor up to the time of foreclosure but shall attach to the articles purchased to supply their places; provided, however, no stock of goods shall be pledged by a cooperative association unless such stock has been fully paid for and is owned by the association without incumbrance at the time it is so pledged.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-310\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 1956, chapter 428.<\/p>","references":false,"refers_to":false,"permalink":{"id":149571,"object_type":"law","relational_id":65730,"identifier":"13.1-310","token":"13.1\/3\/1\/13.1-310","url":"\/13.1-310\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-310\/","token":"13.1\/3\/1\/13.1-310","dublin_core":{"Title":"Cooperative associations may give certain liens on rotating stocks","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-310","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Any cooperative association or corporation organized under the <span class=\"dictionary\">laws<\/span> of this Commonwealth, or under the <span class=\"dictionary\">laws<\/span> of the United States, or qualifying as a cooperative association under the <span class=\"dictionary\">laws<\/span> of the United States, may give as security for any loan or loans obtained from any bank for cooperatives organized under any act of Congress a chattel mortgage or deed of trust covering stocks of goods or other things in bulk, but changing in specifics, in which case the <span class=\"dictionary\">lien<\/span> of such mortgage or deed of trust shall be lost as to all articles disposed of by the mortgagor up to the time of foreclosure but shall attach to the articles purchased to supply their places; provided, however, no stock of goods shall be pledged by a cooperative association unless such stock has been fully paid for and is owned by the association without incumbrance at the time it is so pledged.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nCOOPERATIVE ASSOCIATIONS MAY GIVE CERTAIN LIENS ON ROTATING STOCKS (\u00a7 13.1-310)\n\nAny cooperative association or corporation organized under the laws of this\nCommonwealth, or under the laws of the United States, or qualifying as a\ncooperative association under the laws of the United States, may give as\nsecurity for any loan or loans obtained from any bank for cooperatives organized\nunder any act of Congress a chattel mortgage or deed of trust covering stocks of\ngoods or other things in bulk, but changing in specifics, in which case the lien\nof such mortgage or deed of trust shall be lost as to all articles disposed of\nby the mortgagor up to the time of foreclosure but shall attach to the articles\npurchased to supply their places; provided, however, no stock of goods shall be\npledged by a cooperative association unless such stock has been fully paid for\nand is owned by the association without incumbrance at the time it is so\npledged.\n\nHISTORY: Code 1950, \u00a7 13-247; 1956, c. 428.","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}}