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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>85853</law_id><section_number>15.2-5327</section_number><catch_line>Powers of nonstock corporations</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="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="1" identifier="53">Hospital Authorities</unit><unit label="article" level="4" order_by="1" identifier="2">Powers</unit></structure><text>
						<section><p>An <span class="dictionary">authority</span> shall have all powers granted to corporations under the provisions of &#xA7;&#xA0;<a class="law" title="General powers" href="/13.1-826/">13.1-826</a>, including, without limitation, the power to own or control stock and nonstock subsidiaries.</p></section></text><history>Code 1950, &#xA7; 32-240.1; 1970, c. 554, &#xA7; 15.1-1561; 1979, c. 719; 1986, c. 347; 1997, c. 587.</history><metadata></metadata></law>
