{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-929.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-929.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-929.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-929.html"}],"law_id":66931,"edition_id":1,"section_id":66931,"structure_id":13538,"section_number":"13.1-929","catch_line":"Withdrawal of foreign corporation","history":"Code 1950, \u00a7\u00a7 13.1-278, 13.1-278.1; 1956, c. 428; 1958, c. 564; 1975, c. 500; 1985, c. 522; 1986, c. 529; 1991, c. 672; 2007, c. 925; 2012, c. 130; 2015, c. 623.","full_text":"A\n\nA foreign corporation authorized to transact business in the Commonwealth may not withdraw from the Commonwealth until it obtains a certificate of withdrawal from the Commission.B\n\nA foreign corporation authorized to transact business in the Commonwealth may apply to the Commission for a certificate of withdrawal. The application shall be on a form prescribed and furnished by the Commission and shall set forth:1\n\nThe name of the foreign corporation and the name of the state or other jurisdiction under whose laws it is incorporated;2\n\nIf applicable, a statement that the foreign corporation was a party to a merger permitted by the laws of the state or other jurisdiction under whose law it was incorporated and that it was not the surviving entity of the merger, has consolidated with another entity, or has converted to another type of entity under the laws of the state or other jurisdiction under whose law it was incorporated;3\n\nThat the foreign corporation is not transacting business in the Commonwealth and that it surrenders its authority to transact business in the Commonwealth;4\n\nThat the foreign corporation revokes the authority of its registered agent to accept service on its behalf and appoints the clerk of the Commission as its agent for service of process in any proceeding based on a cause of action arising during the time it was authorized to transact business in the Commonwealth;5\n\nA mailing address to which the clerk of the Commission may mail a copy of any process served on him under subdivision 4; and6\n\nA commitment to notify the clerk of the Commission in the future of any change in the mailing address of the corporation.C\n\nThe Commission shall not allow any foreign corporation to withdraw from the Commonwealth unless such corporation files with the Commission a statement certifying that the corporation has filed returns and has paid all state taxes to the time of the certificate or a statement that no such returns are required to be filed or taxes are required to be paid. In such case the corporation may file returns and pay taxes before they would otherwise be due. If the Commission finds that the application complies with the requirements of law and that all required fees have been paid, it shall issue a certificate of withdrawal.D\n\nBefore any foreign corporation authorized to transact business in the Commonwealth terminates its corporate existence, it shall file with the Commission an application for withdrawal. Whether or not such application is filed, the termination of the corporate existence of such foreign corporation shall not take away or impair any remedy available against such corporation for any right or claim existing or any liability incurred prior to such termination. Any such action or proceeding against such foreign corporation may be defended by such corporation in its corporate name. The members, directors and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right or claim. The right of a foreign corporation that has terminated its corporate existence to institute and maintain in its corporate name actions, suits or proceedings in the courts of the Commonwealth shall be governed by the law of the state of its incorporation.E\n\nService of process on the clerk of the Commission is service of process on a foreign corporation that has withdrawn pursuant to this section. Service upon the clerk shall be made in accordance with &#xA7; 12.1-19.1, and service upon the foreign corporation may be made in any other manner permitted by law.","order_by":null,"text":{"0":{"id":242658,"text":"A foreign corporation authorized to transact business in the Commonwealth may not withdraw from the Commonwealth until it obtains a certificate of withdrawal from the Commission.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":242659,"text":"A foreign corporation authorized to transact business in the Commonwealth may apply to the Commission for a certificate of withdrawal. The application shall be on a form prescribed and furnished by the Commission and shall set forth:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"B1"},"2":{"id":242660,"text":"The name of the foreign corporation and the name of the state or other jurisdiction under whose laws it is incorporated;","type":"section","prefixes":["B","1"],"prefix":"1","entire_prefix":"B1","prefix_anchor":"B1","level":2,"prior_prefix":"B","next_prefix":"B2"},"3":{"id":242661,"text":"If applicable, a statement that the foreign corporation was a party to a merger permitted by the laws of the state or other jurisdiction under whose law it was incorporated and that it was not the surviving entity of the merger, has consolidated with another entity, or has converted to another type of entity under the laws of the state or other jurisdiction under whose law it was incorporated;","type":"section","prefixes":["B","2"],"prefix":"2","entire_prefix":"B2","prefix_anchor":"B2","level":2,"prior_prefix":"B1","next_prefix":"B3"},"4":{"id":242662,"text":"That the foreign corporation is not transacting business in the Commonwealth and that it surrenders its authority to transact business in the Commonwealth;","type":"section","prefixes":["B","3"],"prefix":"3","entire_prefix":"B3","prefix_anchor":"B3","level":2,"prior_prefix":"B2","next_prefix":"B4"},"5":{"id":242663,"text":"That the foreign corporation revokes the authority of its registered agent to accept service on its behalf and appoints the clerk of the Commission as its agent for service of process in any proceeding based on a cause of action arising during the time it was authorized to transact business in the Commonwealth;","type":"section","prefixes":["B","4"],"prefix":"4","entire_prefix":"B4","prefix_anchor":"B4","level":2,"prior_prefix":"B3","next_prefix":"B5"},"6":{"id":242664,"text":"A mailing address to which the clerk of the Commission may mail a copy of any process served on him under subdivision 4; and","type":"section","prefixes":["B","5"],"prefix":"5","entire_prefix":"B5","prefix_anchor":"B5","level":2,"prior_prefix":"B4","next_prefix":"B6"},"7":{"id":242665,"text":"A commitment to notify the clerk of the Commission in the future of any change in the mailing address of the corporation.","type":"section","prefixes":["B","6"],"prefix":"6","entire_prefix":"B6","prefix_anchor":"B6","level":2,"prior_prefix":"B5","next_prefix":"C"},"8":{"id":242666,"text":"The Commission shall not allow any foreign corporation to withdraw from the Commonwealth unless such corporation files with the Commission a statement certifying that the corporation has filed returns and has paid all state taxes to the time of the certificate or a statement that no such returns are required to be filed or taxes are required to be paid. In such case the corporation may file returns and pay taxes before they would otherwise be due. If the Commission finds that the application complies with the requirements of law and that all required fees have been paid, it shall issue a certificate of withdrawal.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B6","next_prefix":"D"},"9":{"id":242667,"text":"Before any foreign corporation authorized to transact business in the Commonwealth terminates its corporate existence, it shall file with the Commission an application for withdrawal. Whether or not such application is filed, the termination of the corporate existence of such foreign corporation shall not take away or impair any remedy available against such corporation for any right or claim existing or any liability incurred prior to such termination. Any such action or proceeding against such foreign corporation may be defended by such corporation in its corporate name. The members, directors and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right or claim. The right of a foreign corporation that has terminated its corporate existence to institute and maintain in its corporate name actions, suits or proceedings in the courts of the Commonwealth shall be governed by the law of the state of its incorporation.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C","next_prefix":"E"},"10":{"id":242668,"text":"Service of process on the clerk of the Commission is service of process on a foreign corporation that has withdrawn pursuant to this section. Service upon the clerk shall be made in accordance with &#xA7; 12.1-19.1, and service upon the foreign corporation may be made in any other manner permitted by law.","type":"section","prefixes":["E"],"prefix":"E","entire_prefix":"E","prefix_anchor":"E","level":1,"prior_prefix":"D"}},"ancestry":[{"id":13538,"edition_id":1,"name":"Foreign Corporations","identifier":"14","label":"article","depth":3,"order_by":1,"parent_id":13004,"metadata":{},"date_created":"2026-06-26 03:45:09","date_modified":"2026-06-26 03:45:09","permalink":{"id":147775,"object_type":"structure","relational_id":13538,"identifier":"14","token":"13.1\/10\/14","url":"\/13.1\/10\/14\/","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":54666,"structure_id":13538,"section_number":"13.1-919","catch_line":"Authority to transact business required","url":"\/13.1-919\/","token":"13.1\/10\/14\/13.1-919","metadata":false},{"id":72522,"structure_id":13538,"section_number":"13.1-920","catch_line":"Consequences of transacting business without authority","url":"\/13.1-920\/","token":"13.1\/10\/14\/13.1-920","metadata":false},{"id":54503,"structure_id":13538,"section_number":"13.1-921","catch_line":"Application for certificate of authority","url":"\/13.1-921\/","token":"13.1\/10\/14\/13.1-921","metadata":false},{"id":63821,"structure_id":13538,"section_number":"13.1-922","catch_line":"Amended certificate of authority","url":"\/13.1-922\/","token":"13.1\/10\/14\/13.1-922","metadata":false},{"id":61375,"structure_id":13538,"section_number":"13.1-923","catch_line":"Effect of certificate of authority","url":"\/13.1-923\/","token":"13.1\/10\/14\/13.1-923","metadata":false},{"id":82842,"structure_id":13538,"section_number":"13.1-924","catch_line":"Corporate name of foreign corporation","url":"\/13.1-924\/","token":"13.1\/10\/14\/13.1-924","metadata":false},{"id":69490,"structure_id":13538,"section_number":"13.1-925","catch_line":"Registered office and registered agent of foreign corporation","url":"\/13.1-925\/","token":"13.1\/10\/14\/13.1-925","metadata":false},{"id":75911,"structure_id":13538,"section_number":"13.1-926","catch_line":"Change of registered office or registered agent of a foreign corporation","url":"\/13.1-926\/","token":"13.1\/10\/14\/13.1-926","metadata":false},{"id":61343,"structure_id":13538,"section_number":"13.1-927","catch_line":"Resignation of registered agent of foreign corporation","url":"\/13.1-927\/","token":"13.1\/10\/14\/13.1-927","metadata":false},{"id":84182,"structure_id":13538,"section_number":"13.1-928","catch_line":"Service of process on foreign corporation","url":"\/13.1-928\/","token":"13.1\/10\/14\/13.1-928","metadata":false},{"id":65982,"structure_id":13538,"section_number":"13.1-928.1","catch_line":"Merger of foreign corporation authorized to transact business in Commonwealth","url":"\/13.1-928.1\/","token":"13.1\/10\/14\/13.1-928.1","metadata":false},{"id":69949,"structure_id":13538,"section_number":"13.1-928.2","catch_line":"Entity conversion of foreign corporation authorized to transact business in Commonwealth","url":"\/13.1-928.2\/","token":"13.1\/10\/14\/13.1-928.2","metadata":false},{"id":66931,"structure_id":13538,"section_number":"13.1-929","catch_line":"Withdrawal of foreign corporation","url":"\/13.1-929\/","token":"13.1\/10\/14\/13.1-929","metadata":false},{"id":68819,"structure_id":13538,"section_number":"13.1-930","catch_line":"Automatic revocation of certificate of authority","url":"\/13.1-930\/","token":"13.1\/10\/14\/13.1-930","metadata":false},{"id":81299,"structure_id":13538,"section_number":"13.1-931","catch_line":"Involuntary revocation of certificate of authority","url":"\/13.1-931\/","token":"13.1\/10\/14\/13.1-931","metadata":false},{"id":74850,"structure_id":13538,"section_number":"13.1-931.1","catch_line":"Reinstatement of foreign corporation whose certificate of authority has been withdrawn or revoked","url":"\/13.1-931.1\/","token":"13.1\/10\/14\/13.1-931.1","metadata":false}],"previous_section":{"id":69949,"structure_id":13538,"section_number":"13.1-928.2","catch_line":"Entity conversion of foreign corporation authorized to transact business in Commonwealth","url":"\/13.1-928.2\/","token":"13.1\/10\/14\/13.1-928.2","metadata":false},"next_section":{"id":68819,"structure_id":13538,"section_number":"13.1-930","catch_line":"Automatic revocation of certificate of authority","url":"\/13.1-930\/","token":"13.1\/10\/14\/13.1-930","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-929\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 9 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 1958, chapter 564; in 1975, chapter 500; in 1985, chapter 522; in 1986, chapter 529; in 1991, chapter 672; in 2007, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?071+ful+CHAP0925\">925<\/a>; in 2012, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?121+ful+CHAP0130\">130<\/a>; in 2015, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?151+ful+CHAP0623\">623<\/a>.<\/p>","references":[{"id":65982,"section_number":"13.1-928.1","catch_line":"Merger of foreign corporation authorized to transact business in Commonwealth","order_by":null,"url":"\/13.1-928.1\/"},{"id":69949,"section_number":"13.1-928.2","catch_line":"Entity conversion of foreign corporation authorized to transact business in Commonwealth","order_by":null,"url":"\/13.1-928.2\/"}],"refers_to":[{"id":71702,"section_number":"12.1-19.1","catch_line":"Service of process on the Clerk of the State Corporation Commission as statutory agent","order_by":null,"url":"\/12.1-19.1\/"}],"permalink":{"id":147825,"object_type":"law","relational_id":66931,"identifier":"13.1-929","token":"13.1\/10\/14\/13.1-929","url":"\/13.1-929\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-929\/","token":"13.1\/10\/14\/13.1-929","dublin_core":{"Title":"Withdrawal of foreign corporation","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-929","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"A\"><p><span class=\"prefix-number\">A.<\/span> A <span class=\"dictionary\">foreign corporation<\/span> authorized to <span class=\"dictionary\">transact business<\/span> in the Commonwealth may not withdraw from the Commonwealth until it obtains a certificate of withdrawal from the <span class=\"dictionary\">Commission<\/span>. <a id=\"paragraph-242658\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#A\"><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> A <span class=\"dictionary\">foreign corporation<\/span> authorized to <span class=\"dictionary\">transact business<\/span> in the Commonwealth may apply to the <span class=\"dictionary\">Commission<\/span> for a certificate of withdrawal. The application shall be on a form prescribed and furnished by the <span class=\"dictionary\">Commission<\/span> and shall set forth: <a id=\"paragraph-242659\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#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> The name of the <span class=\"dictionary\">foreign corporation<\/span> and the name of the <span class=\"dictionary\">state<\/span> or other <span class=\"dictionary\">jurisdiction<\/span> under whose <span class=\"dictionary\">laws<\/span> it is incorporated; <a id=\"paragraph-242660\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#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> If applicable, a statement that the <span class=\"dictionary\">foreign corporation<\/span> was a <span class=\"dictionary\">party<\/span> to a merger permitted by the <span class=\"dictionary\">laws<\/span> of the <span class=\"dictionary\">state<\/span> or other <span class=\"dictionary\">jurisdiction<\/span> under whose <span class=\"dictionary\">law<\/span> it was incorporated and that it was not the surviving <span class=\"dictionary\">entity<\/span> of the merger, has consolidated with another <span class=\"dictionary\">entity<\/span>, or has converted to another type of <span class=\"dictionary\">entity<\/span> under the <span class=\"dictionary\">laws<\/span> of the <span class=\"dictionary\">state<\/span> or other <span class=\"dictionary\">jurisdiction<\/span> under whose <span class=\"dictionary\">law<\/span> it was incorporated; <a id=\"paragraph-242661\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#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> That the <span class=\"dictionary\">foreign corporation<\/span> is not transacting business in the Commonwealth and that it surrenders its authority to <span class=\"dictionary\">transact business<\/span> in the Commonwealth; <a id=\"paragraph-242662\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#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> That the <span class=\"dictionary\">foreign corporation<\/span> revokes the authority of its registered agent to accept service on its behalf and appoints the clerk of the <span class=\"dictionary\">Commission<\/span> as its agent for <span class=\"dictionary\">service of process<\/span> in any <span class=\"dictionary\">proceeding<\/span> based on a <span class=\"dictionary\">cause of action<\/span> arising during the time it was authorized to <span class=\"dictionary\">transact business<\/span> in the Commonwealth; <a id=\"paragraph-242663\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#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> A mailing address to which the clerk of the <span class=\"dictionary\">Commission<\/span> may mail a copy of any process served on him under subdivision 4; and <a id=\"paragraph-242664\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#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> A commitment to notify the clerk of the <span class=\"dictionary\">Commission<\/span> in the future of any change in the mailing address of the corporation. <a id=\"paragraph-242665\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#B6\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"C\"><p><span class=\"prefix-number\">C.<\/span> The <span class=\"dictionary\">Commission<\/span> shall not allow any <span class=\"dictionary\">foreign corporation<\/span> to withdraw from the Commonwealth unless such corporation files with the <span class=\"dictionary\">Commission<\/span> a statement certifying that the corporation has filed returns and has paid all <span class=\"dictionary\">state<\/span> taxes to the time of the certificate or a statement that no such returns are required to be filed or taxes are required to be paid. In such case the corporation may file returns and pay taxes before they would otherwise be due. If the <span class=\"dictionary\">Commission<\/span> finds that the application complies with the requirements of <span class=\"dictionary\">law<\/span> and that all required fees have been paid, it shall <span class=\"dictionary\">issue<\/span> a certificate of withdrawal. <a id=\"paragraph-242666\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#C\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"D\"><p><span class=\"prefix-number\">D.<\/span> Before any <span class=\"dictionary\">foreign corporation<\/span> authorized to <span class=\"dictionary\">transact business<\/span> in the Commonwealth terminates its corporate existence, it shall file with the <span class=\"dictionary\">Commission<\/span> an application for withdrawal. Whether or not such application is filed, the termination of the corporate existence of such <span class=\"dictionary\">foreign corporation<\/span> shall not take away or impair any remedy available against such corporation for any right or claim existing or any liability incurred prior to such termination. Any such action or <span class=\"dictionary\">proceeding<\/span> against such <span class=\"dictionary\">foreign corporation<\/span> may be defended by such corporation in its corporate name. The <span class=\"dictionary\">members<\/span>, <span class=\"dictionary\">directors<\/span> and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right or claim. The right of a <span class=\"dictionary\">foreign corporation<\/span> that has terminated its corporate existence to institute and maintain in its corporate name actions, suits or <span class=\"dictionary\">proceedings<\/span> in the <span class=\"dictionary\">courts<\/span> of the Commonwealth shall be governed by the <span class=\"dictionary\">law<\/span> of the <span class=\"dictionary\">state<\/span> of its incorporation. <a id=\"paragraph-242667\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#D\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"E\"><p><span class=\"prefix-number\">E.<\/span> <span class=\"dictionary\">Service of process<\/span> on the clerk of the <span class=\"dictionary\">Commission<\/span> is <span class=\"dictionary\">service of process<\/span> on a <span class=\"dictionary\">foreign corporation<\/span> that has withdrawn pursuant to this section. Service upon the clerk shall be made in accordance with &#xA7; <a class=\"law\" title=\"Service of process on the Clerk of the State Corporation Commission as statutory agent\" href=\"\/12.1-19.1\/\">12.1-19.1<\/a>, and service upon the <span class=\"dictionary\">foreign corporation<\/span> may be made in any other manner permitted by <span class=\"dictionary\">law<\/span>. <a id=\"paragraph-242668\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/13.1-929\/#E\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nWITHDRAWAL OF FOREIGN CORPORATION (\u00a7 13.1-929)\n\nA. A foreign corporation authorized to transact business in the Commonwealth may\nnot withdraw from the Commonwealth until it obtains a certificate of withdrawal\nfrom the Commission.\n\nB. A foreign corporation authorized to transact business in the Commonwealth may\napply to the Commission for a certificate of withdrawal. The application shall\nbe on a form prescribed and furnished by the Commission and shall set forth:\n\n   1. The name of the foreign corporation and the name of the state or other\n   jurisdiction under whose laws it is incorporated;\n\n   2. If applicable, a statement that the foreign corporation was a party to a\n   merger permitted by the laws of the state or other jurisdiction under whose\n   law it was incorporated and that it was not the surviving entity of the\n   merger, has consolidated with another entity, or has converted to another type\n   of entity under the laws of the state or other jurisdiction under whose law it\n   was incorporated;\n\n   3. That the foreign corporation is not transacting business in the\n   Commonwealth and that it surrenders its authority to transact business in the\n   Commonwealth;\n\n   4. That the foreign corporation revokes the authority of its registered agent\n   to accept service on its behalf and appoints the clerk of the Commission as\n   its agent for service of process in any proceeding based on a cause of action\n   arising during the time it was authorized to transact business in the\n   Commonwealth;\n\n   5. A mailing address to which the clerk of the Commission may mail a copy of\n   any process served on him under subdivision 4; and\n\n   6. A commitment to notify the clerk of the Commission in the future of any\n   change in the mailing address of the corporation.\n\nC. The Commission shall not allow any foreign corporation to withdraw from the\nCommonwealth unless such corporation files with the Commission a statement\ncertifying that the corporation has filed returns and has paid all state taxes\nto the time of the certificate or a statement that no such returns are required\nto be filed or taxes are required to be paid. In such case the corporation may\nfile returns and pay taxes before they would otherwise be due. If the Commission\nfinds that the application complies with the requirements of law and that all\nrequired fees have been paid, it shall issue a certificate of withdrawal.\n\nD. Before any foreign corporation authorized to transact business in the\nCommonwealth terminates its corporate existence, it shall file with the\nCommission an application for withdrawal. Whether or not such application is\nfiled, the termination of the corporate existence of such foreign corporation\nshall not take away or impair any remedy available against such corporation for\nany right or claim existing or any liability incurred prior to such termination.\nAny such action or proceeding against such foreign corporation may be defended\nby such corporation in its corporate name. The members, directors and officers\nshall have power to take such corporate or other action as shall be appropriate\nto protect such remedy, right or claim. The right of a foreign corporation that\nhas terminated its corporate existence to institute and maintain in its\ncorporate name actions, suits or proceedings in the courts of the Commonwealth\nshall be governed by the law of the state of its incorporation.\n\nE. Service of process on the clerk of the Commission is service of process on a\nforeign corporation that has withdrawn pursuant to this section. Service upon\nthe clerk shall be made in accordance with &#xA7; 12.1-19.1, and service upon\nthe foreign corporation may be made in any other manner permitted by law.\n\nHISTORY: Code 1950, \u00a7\u00a7 13.1-278, 13.1-278.1; 1956, c. 428; 1958, c. 564; 1975,\nc. 500; 1985, c. 522; 1986, c. 529; 1991, c. 672; 2007, c. 925; 2012, c. 130;\n2015, c. 623.","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}}