{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-906.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-906.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-906.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-906.html"}],"law_id":78442,"edition_id":1,"section_id":78442,"structure_id":13830,"section_number":"13.1-906","catch_line":"Effect of dissolution","history":"1985, c. 522; 2007, c. 925.","full_text":"A\n\nA dissolved corporation continues its corporate existence but may not transact any business except that appropriate to wind up and liquidate its business and affairs, including:1\n\nCollecting its assets;2\n\nDisposing of its properties;3\n\nDischarging or making provision for discharging its liabilities;4\n\nDistributing its remaining property; and5\n\nDoing every other act necessary to wind up and liquidate its business and affairs.B\n\nDissolution of a corporation does not:1\n\nTransfer title to the corporation&#8217;s property;2\n\nSubject its directors to standards of conduct different from those prescribed in &#xA7; 13.1-870;3\n\nChange quorum or voting requirements for its board of directors or members; change provisions for selection, resignation, or removal of its directors or officers; or change provisions for amending its bylaws;4\n\nPrevent commencement of a proceeding by or against the corporation in its corporate name;5\n\nAbate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or6\n\nTerminate the authority of the registered agent of the corporation.","order_by":null,"text":{"0":{"id":281199,"text":"A dissolved corporation continues its corporate existence but may not transact any business except that appropriate to wind up and liquidate its business and affairs, including:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":281200,"text":"Collecting its assets;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":281201,"text":"Disposing of its properties;","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":281202,"text":"Discharging or making provision for discharging its liabilities;","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"A4"},"4":{"id":281203,"text":"Distributing its remaining property; and","type":"section","prefixes":["A","4"],"prefix":"4","entire_prefix":"A4","prefix_anchor":"A4","level":2,"prior_prefix":"A3","next_prefix":"A5"},"5":{"id":281204,"text":"Doing every other act necessary to wind up and liquidate its business and affairs.","type":"section","prefixes":["A","5"],"prefix":"5","entire_prefix":"A5","prefix_anchor":"A5","level":2,"prior_prefix":"A4","next_prefix":"B"},"6":{"id":281205,"text":"Dissolution of a corporation does not:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A5","next_prefix":"B1"},"7":{"id":281206,"text":"Transfer title to the corporation&#8217;s property;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"8":{"id":281207,"text":"Subject its directors to standards of conduct different from those prescribed in &#xA7; 13.1-870;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"9":{"id":281208,"text":"Change quorum or voting requirements for its board of directors or members; change provisions for selection, resignation, or removal of its directors or officers; or change provisions for amending its bylaws;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"10":{"id":281209,"text":"Prevent commencement of a proceeding by or against the corporation in its corporate name;","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"11":{"id":281210,"text":"Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"B6"},"12":{"id":281211,"text":"Terminate the authority of the registered agent of the corporation.","type":"section","prefixes":["B","6"],"prefix":"6","entire_prefix":"B6","prefix_anchor":"B6","level":2,"prior_prefix":"B5"}},"ancestry":[{"id":13830,"edition_id":1,"name":"Dissolution","identifier":"13","label":"article","depth":3,"order_by":1,"parent_id":13004,"metadata":{},"date_created":"2026-06-26 03:46:01","date_modified":"2026-06-26 03:46:01","permalink":{"id":147693,"object_type":"structure","relational_id":13830,"identifier":"13","token":"13.1\/10\/13","url":"\/13.1\/10\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13004,"edition_id":1,"name":"Virginia Nonstock Corporation Act","identifier":"10","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":147501,"object_type":"structure","relational_id":13004,"identifier":"10","token":"13.1\/10","url":"\/13.1\/10\/","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":58171,"structure_id":13830,"section_number":"13.1-902","catch_line":"Dissolution by directors and members","url":"\/13.1-902\/","token":"13.1\/10\/13\/13.1-902","metadata":false},{"id":76471,"structure_id":13830,"section_number":"13.1-903","catch_line":"Dissolution by directors","url":"\/13.1-903\/","token":"13.1\/10\/13\/13.1-903","metadata":false},{"id":74663,"structure_id":13830,"section_number":"13.1-904","catch_line":"Articles of dissolution","url":"\/13.1-904\/","token":"13.1\/10\/13\/13.1-904","metadata":false},{"id":61075,"structure_id":13830,"section_number":"13.1-905","catch_line":"Revocation of dissolution","url":"\/13.1-905\/","token":"13.1\/10\/13\/13.1-905","metadata":false},{"id":78442,"structure_id":13830,"section_number":"13.1-906","catch_line":"Effect of dissolution","url":"\/13.1-906\/","token":"13.1\/10\/13\/13.1-906","metadata":false},{"id":65762,"structure_id":13830,"section_number":"13.1-907","catch_line":"Distribution and plan of distribution of assets","url":"\/13.1-907\/","token":"13.1\/10\/13\/13.1-907","metadata":false},{"id":66482,"structure_id":13830,"section_number":"13.1-908","catch_line":"Known claims against dissolved corporation","url":"\/13.1-908\/","token":"13.1\/10\/13\/13.1-908","metadata":false},{"id":87141,"structure_id":13830,"section_number":"13.1-908.1","catch_line":"Other claims against dissolved corporation","url":"\/13.1-908.1\/","token":"13.1\/10\/13\/13.1-908.1","metadata":false},{"id":83300,"structure_id":13830,"section_number":"13.1-908.2","catch_line":"Court proceedings","url":"\/13.1-908.2\/","token":"13.1\/10\/13\/13.1-908.2","metadata":false},{"id":60096,"structure_id":13830,"section_number":"13.1-908.3","catch_line":"Director duties","url":"\/13.1-908.3\/","token":"13.1\/10\/13\/13.1-908.3","metadata":false},{"id":78820,"structure_id":13830,"section_number":"13.1-909","catch_line":"Grounds for judicial dissolution","url":"\/13.1-909\/","token":"13.1\/10\/13\/13.1-909","metadata":false},{"id":67257,"structure_id":13830,"section_number":"13.1-910","catch_line":"Receivership or custodianship","url":"\/13.1-910\/","token":"13.1\/10\/13\/13.1-910","metadata":false},{"id":54846,"structure_id":13830,"section_number":"13.1-911","catch_line":"Decree of dissolution","url":"\/13.1-911\/","token":"13.1\/10\/13\/13.1-911","metadata":false},{"id":76479,"structure_id":13830,"section_number":"13.1-912","catch_line":"Articles of termination of corporate existence","url":"\/13.1-912\/","token":"13.1\/10\/13\/13.1-912","metadata":false},{"id":58502,"structure_id":13830,"section_number":"13.1-913","catch_line":"Termination of corporate existence by incorporators or initial directors","url":"\/13.1-913\/","token":"13.1\/10\/13\/13.1-913","metadata":false},{"id":72805,"structure_id":13830,"section_number":"13.1-914","catch_line":"Automatic termination of corporate existence","url":"\/13.1-914\/","token":"13.1\/10\/13\/13.1-914","metadata":false},{"id":80531,"structure_id":13830,"section_number":"13.1-915","catch_line":"Involuntary termination of corporate existence","url":"\/13.1-915\/","token":"13.1\/10\/13\/13.1-915","metadata":false},{"id":56670,"structure_id":13830,"section_number":"13.1-916","catch_line":"Reinstatement of a corporation that has ceased to exist","url":"\/13.1-916\/","token":"13.1\/10\/13\/13.1-916","metadata":false},{"id":60656,"structure_id":13830,"section_number":"13.1-917","catch_line":"Survival of remedy after termination of corporate existence","url":"\/13.1-917\/","token":"13.1\/10\/13\/13.1-917","metadata":false},{"id":67830,"structure_id":13830,"section_number":"13.1-918","catch_line":"Repealed","url":"\/13.1-918\/","token":"13.1\/10\/13\/13.1-918","metadata":false}],"previous_section":{"id":61075,"structure_id":13830,"section_number":"13.1-905","catch_line":"Revocation of dissolution","url":"\/13.1-905\/","token":"13.1\/10\/13\/13.1-905","metadata":false},"next_section":{"id":65762,"structure_id":13830,"section_number":"13.1-907","catch_line":"Distribution and plan of distribution of assets","url":"\/13.1-907\/","token":"13.1\/10\/13\/13.1-907","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-906\/","history_text":"<p>This law was first created in 1985. The record of its establishment is cataloged in chapter 522 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. Unfortunately, the 1985 \u201cActs\u201d aren\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 2007, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?071+ful+CHAP0925\">925<\/a>.<\/p>","references":[{"id":54846,"section_number":"13.1-911","catch_line":"Decree of dissolution","order_by":null,"url":"\/13.1-911\/"}],"refers_to":[{"id":82285,"section_number":"13.1-870","catch_line":"General standards of conduct for directors","order_by":null,"url":"\/13.1-870\/"}],"permalink":{"id":147711,"object_type":"law","relational_id":78442,"identifier":"13.1-906","token":"13.1\/10\/13\/13.1-906","url":"\/13.1-906\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-906\/","token":"13.1\/10\/13\/13.1-906","dublin_core":{"Title":"Effect of dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-906","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> A dissolved <span class=\"dictionary\">corporation<\/span> continues its corporate existence but may not transact any business except that appropriate to wind up and liquidate its business and affairs, including: <a id=\"paragraph-281199\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#A\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> Collecting its <span class=\"dictionary\">assets<\/span>; <a id=\"paragraph-281200\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#A1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> Disposing of its properties; <a id=\"paragraph-281201\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#A2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Discharging or making provision for discharging its liabilities; <a id=\"paragraph-281202\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#A3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> Distributing its remaining property; and <a id=\"paragraph-281203\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#A4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"A5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> Doing every other act necessary to wind up and liquidate its business and affairs. <a id=\"paragraph-281204\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#A5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B\"><p><span class=\"prefix-number\">B.<\/span> Dissolution of a <span class=\"dictionary\">corporation<\/span> does not: <a id=\"paragraph-281205\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#B\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B1\" class=\"indent-1\"><p><span class=\"prefix-number\">1.<\/span> Transfer title to the <span class=\"dictionary\">corporation<\/span>&#8217;s property; <a id=\"paragraph-281206\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#B1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B2\" class=\"indent-1\"><p><span class=\"prefix-number\">2.<\/span> Subject its <span class=\"dictionary\">directors<\/span> to standards of conduct different from those prescribed in &#xA7; <a class=\"law\" title=\"General standards of conduct for directors\" href=\"\/13.1-870\/\">13.1-870<\/a>; <a id=\"paragraph-281207\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#B2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B3\" class=\"indent-1\"><p><span class=\"prefix-number\">3.<\/span> Change quorum or voting requirements for its <span class=\"dictionary\">board of directors<\/span> or <span class=\"dictionary\">members<\/span>; change provisions for selection, resignation, or removal of its directors or officers; or change provisions for amending its bylaws; <a id=\"paragraph-281208\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#B3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B4\" class=\"indent-1\"><p><span class=\"prefix-number\">4.<\/span> Prevent commencement of a <span class=\"dictionary\">proceeding<\/span> by or against the <span class=\"dictionary\">corporation<\/span> in its corporate name; <a id=\"paragraph-281209\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#B4\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B5\" class=\"indent-1\"><p><span class=\"prefix-number\">5.<\/span> Abate or suspend a <span class=\"dictionary\">proceeding<\/span> pending by or against the <span class=\"dictionary\">corporation<\/span> on the effective date of dissolution; or <a id=\"paragraph-281210\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#B5\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"B6\" class=\"indent-1\"><p><span class=\"prefix-number\">6.<\/span> Terminate the authority of the registered agent of the <span class=\"dictionary\">corporation<\/span>. <a id=\"paragraph-281211\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-906\/#B6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nEFFECT OF DISSOLUTION (\u00a7 13.1-906)\n\nA. A dissolved corporation continues its corporate existence but may not\ntransact any business except that appropriate to wind up and liquidate its\nbusiness and affairs, including:\n\n   1. Collecting its assets;\n\n   2. Disposing of its properties;\n\n   3. Discharging or making provision for discharging its liabilities;\n\n   4. Distributing its remaining property; and\n\n   5. Doing every other act necessary to wind up and liquidate its business and\n   affairs.\n\nB. Dissolution of a corporation does not:\n\n   1. Transfer title to the corporation&#8217;s property;\n\n   2. Subject its directors to standards of conduct different from those\n   prescribed in &#xA7; 13.1-870;\n\n   3. Change quorum or voting requirements for its board of directors or members;\n   change provisions for selection, resignation, or removal of its directors or\n   officers; or change provisions for amending its bylaws;\n\n   4. Prevent commencement of a proceeding by or against the corporation in its\n   corporate name;\n\n   5. Abate or suspend a proceeding pending by or against the corporation on the\n   effective date of dissolution; or\n\n   6. Terminate the authority of the registered agent of the corporation.\n\nHISTORY: 1985, c. 522; 2007, c. 925.","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}}