{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-786.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-786.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-786.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-786.html"}],"law_id":80830,"edition_id":1,"section_id":80830,"structure_id":14746,"section_number":"13.1-786","catch_line":"Termination of status","history":"2011, c. 698.","full_text":"A benefit corporation may terminate its status as such and cease to be subject to this article by amending its articles to delete the provision required by \u00a7 13.1-784 to be set forth in the articles of incorporation, which amendment shall be adopted in accordance with the procedures set forth in \u00a7 13.1-707, or if no shares have yet been issued, in accordance with \u00a7 13.1-709.","order_by":null,"text":{"0":{"id":289746,"text":"A benefit corporation may terminate its status as such and cease to be subject to this article by amending its articles to delete the provision required by \u00a7 13.1-784 to be set forth in the articles of incorporation, which amendment shall be adopted in accordance with the procedures set forth in \u00a7 13.1-707, or if no shares have yet been issued, in accordance with \u00a7 13.1-709.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14746,"edition_id":1,"name":"Benefit Corporations","identifier":"22","label":"article","depth":3,"order_by":1,"parent_id":12983,"metadata":{},"date_created":"2026-06-26 03:49:41","date_modified":"2026-06-26 03:49:41","permalink":{"id":150841,"object_type":"structure","relational_id":14746,"identifier":"22","token":"13.1\/9\/22","url":"\/13.1\/9\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12983,"edition_id":1,"name":"Virginia Stock Corporation 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This law was first created in 2011. The record of its establishment is cataloged in chapter 698<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":76214,"section_number":"13.1-782","catch_line":"Definitions","order_by":null,"url":"\/13.1-782\/"}],"refers_to":[{"id":82695,"section_number":"13.1-707","catch_line":"Amendment of articles of incorporation by the board of directors and shareholders","order_by":null,"url":"\/13.1-707\/"},{"id":70564,"section_number":"13.1-709","catch_line":"Amendment of articles of incorporation by incorporators","order_by":null,"url":"\/13.1-709\/"},{"id":68368,"section_number":"13.1-784","catch_line":"Formation of benefit corporations","order_by":null,"url":"\/13.1-784\/"}],"permalink":{"id":150859,"object_type":"law","relational_id":80830,"identifier":"13.1-786","token":"13.1\/9\/22\/13.1-786","url":"\/13.1-786\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-786\/","token":"13.1\/9\/22\/13.1-786","dublin_core":{"Title":"Termination of status","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-786","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A benefit corporation<\/span> may terminate its status as such and cease to be subject to this article by amending its articles to delete the provision required by \u00a7 13.1-784<\/a> to be set forth in the articles of incorporation<\/span>, which amendment shall be adopted in accordance with the procedures set forth in \u00a7 13.1-707<\/a>, or if no shares<\/span> have yet been issued, in accordance with \u00a7 13.1-709<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTERMINATION OF STATUS (\u00a7 13.1-786)\n\nA benefit corporation may terminate its status as such and cease to be subject\nto this article by amending its articles to delete the provision required by \u00a7\n13.1-784 to be set forth in the articles of incorporation, which amendment shall\nbe adopted in accordance with the procedures set forth in \u00a7 13.1-707, or if no\nshares have yet been issued, in accordance with \u00a7 13.1-709.\n\nHISTORY: 2011, c. 698.","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}}