<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>80830</law_id><section_number>13.1-786</section_number><catch_line>Termination of status</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-782</reference></referred_to_by><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="22">Benefit Corporations</unit></structure><text>
						<section><p>A <span class="dictionary">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 &#xA7;&#xA0;<a class="law" title="Formation of benefit corporations" href="/13.1-784/">13.1-784</a> to be set forth in the <span class="dictionary">articles of incorporation</span>, which amendment shall be adopted in accordance with the procedures set forth in &#xA7;&#xA0;<a class="law" title="Amendment of articles of incorporation by the board of directors and shareholders" href="/13.1-707/">13.1-707</a>, or if no <span class="dictionary">shares</span> have yet been issued, in accordance with &#xA7;&#xA0;<a class="law" title="Amendment of articles of incorporation by incorporators" href="/13.1-709/">13.1-709</a>.</p></section></text><history>2011, c. 698.</history><metadata></metadata></law>
