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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>56749</law_id><section_number>13.1-898.5</section_number><catch_line>Surrender of articles of incorporation upon domestication</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="10">Virginia Nonstock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="11.1">Domestication</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Whenever a <span class="dictionary">domestic corporation</span> has adopted and approved, in the manner required by this article, a plan of <span class="dictionary">domestication</span> providing for the corporation to be domesticated under the <span class="dictionary">laws</span> of another <span class="dictionary">jurisdiction</span>, the corporation shall file with the <span class="dictionary">Commission</span> <span class="dictionary">articles of incorporation</span> surrender setting forth: <a id="paragraph-207659" class="section-permalink" href="https://vacode.org/13.1-898.5/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the corporation; <a id="paragraph-207660" class="section-permalink" href="https://vacode.org/13.1-898.5/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The <span class="dictionary">jurisdiction</span> in which the corporation is to be domesticated and the name of the corporation upon its <span class="dictionary">domestication</span> under the <span class="dictionary">laws</span> of that <span class="dictionary">jurisdiction</span>; <a id="paragraph-207661" class="section-permalink" href="https://vacode.org/13.1-898.5/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> The plan of <span class="dictionary">domestication</span>; <a id="paragraph-207662" class="section-permalink" href="https://vacode.org/13.1-898.5/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> A statement that the <span class="dictionary">articles of incorporation</span> surrender are being filed in connection with the <span class="dictionary">domestication</span> of the corporation as a <span class="dictionary">foreign corporation</span> to be incorporated under the <span class="dictionary">laws</span> of another <span class="dictionary">jurisdiction</span> and that the corporation is surrendering its charter under the <span class="dictionary">laws</span> of the Commonwealth; <a id="paragraph-207663" class="section-permalink" href="https://vacode.org/13.1-898.5/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="A5" class="indent-1"><p><span class="prefix-number">5.</span> Where the <span class="dictionary">members</span> of the corporation have voting rights, a statement:
				a. That the plan was adopted by the unanimous consent of the <span class="dictionary">members</span>; or
				b. That the plan was submitted to the <span class="dictionary">members</span> by the <span class="dictionary">board of directors</span> in accordance with this Act, and a statement of: <a id="paragraph-207664" class="section-permalink" href="https://vacode.org/13.1-898.5/#A5"><i class="fa fa-link"/></a></p></section>
						<section id="A51" class="indent-2"><p><span class="prefix-number">1.</span> The existence of a quorum of each <span class="dictionary">voting group</span> entitled to vote separately on the plan; and <a id="paragraph-207665" class="section-permalink" href="https://vacode.org/13.1-898.5/#A51"><i class="fa fa-link"/></a></p></section>
						<section id="A52" class="indent-2"><p><span class="prefix-number">2.</span> Either the total number of votes cast for and against the plan by each <span class="dictionary">voting group</span> entitled to vote separately on the plan or the total number of undisputed votes cast for the plan separately by each <span class="dictionary">voting group</span> and a statement that the number cast for the plan by each <span class="dictionary">voting group</span> was sufficient for approval by that <span class="dictionary">voting group</span>; <a id="paragraph-207666" class="section-permalink" href="https://vacode.org/13.1-898.5/#A52"><i class="fa fa-link"/></a></p></section>
						<section id="A6" class="indent-1"><p><span class="prefix-number">6.</span> Where the corporation has no <span class="dictionary">members</span>, or no <span class="dictionary">members</span> having voting rights, then a statement of that <span class="dictionary">fact</span>, the date of the meeting of the <span class="dictionary">board of directors</span> at which the plan was adopted and a statement of the <span class="dictionary">fact</span> that such plan received the vote of a majority of the directors in office; <a id="paragraph-207667" class="section-permalink" href="https://vacode.org/13.1-898.5/#A6"><i class="fa fa-link"/></a></p></section>
						<section id="A7" class="indent-1"><p><span class="prefix-number">7.</span> A statement that the corporation 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 incorporated in the Commonwealth; <a id="paragraph-207668" class="section-permalink" href="https://vacode.org/13.1-898.5/#A7"><i class="fa fa-link"/></a></p></section>
						<section id="A8" class="indent-1"><p><span class="prefix-number">8.</span> A mailing address to which the clerk may mail a copy of any process served on the clerk under subdivision 7; and <a id="paragraph-207669" class="section-permalink" href="https://vacode.org/13.1-898.5/#A8"><i class="fa fa-link"/></a></p></section>
						<section id="A9" class="indent-1"><p><span class="prefix-number">9.</span> A commitment by the corporation 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-207670" class="section-permalink" href="https://vacode.org/13.1-898.5/#A9"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> If the <span class="dictionary">Commission</span> finds that the <span class="dictionary">articles of incorporation</span> surrender comply 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 <span class="dictionary">incorporation surrender</span>. <a id="paragraph-207671" class="section-permalink" href="https://vacode.org/13.1-898.5/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The corporation shall automatically cease to be a <span class="dictionary">domestic corporation</span> when the certificate of <span class="dictionary">incorporation surrender</span> becomes effective. <a id="paragraph-207672" class="section-permalink" href="https://vacode.org/13.1-898.5/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> If the former <span class="dictionary">domestic corporation</span> intends to continue to <span class="dictionary">transact business</span> in the Commonwealth, then, within 30 days after the effective date of the certificate of <span class="dictionary">incorporation surrender</span>, it shall <span class="dictionary">deliver</span> to the <span class="dictionary">Commission</span> an application for a certificate of authority to <span class="dictionary">transact business</span> in the Commonwealth pursuant to &#xA7; <a class="law" title="Application for certificate of authority" href="/13.1-921/">13.1-921</a> together with a copy of its instrument of <span class="dictionary">domestication</span> and <span class="dictionary">articles of incorporation</span> and all amendments thereto, duly authenticated by the Secretary of <span class="dictionary">State</span> or other official having <span class="dictionary">custody</span> of corporate records in the <span class="dictionary">state</span> or country under whose <span class="dictionary">laws</span> it is incorporated or domesticated. <a id="paragraph-207673" class="section-permalink" href="https://vacode.org/13.1-898.5/#D"><i class="fa fa-link"/></a></p></section>
						<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 former <span class="dictionary">domestic corporation</span> that has surrendered its charter pursuant to this section. Service on 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 on the former <span class="dictionary">domestic corporation</span> may be made in any other manner permitted by <span class="dictionary">law</span>. <a id="paragraph-207674" class="section-permalink" href="https://vacode.org/13.1-898.5/#E"><i class="fa fa-link"/></a></p></section></text><history>2003, c. 374; 2007, c. 925; 2015, c. 623.</history><metadata></metadata></law>
