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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>70379</law_id><section_number>13.1-626</section_number><catch_line>Purposes</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="4">Purposes and Powers</unit></structure><text>
						<section><p>Every <span class="dictionary">corporation</span> incorporated under this Act has the purpose of engaging in any lawful business unless a more limited purpose is (i) set forth in the <span class="dictionary">articles of incorporation</span>, or (ii) required to be set forth in the <span class="dictionary">articles of incorporation</span> by &#xA7;&#xA0;<a class="law" title="Special kinds of business" href="/13.1-620/">13.1-620</a>, or any other <span class="dictionary">law</span> of this Commonwealth.</p></section></text><history>1985, c. 522.</history><metadata></metadata></law>
