                                 CODE OF VIRGINIA

LIMITATION OF USE OF &#8220;COOPERATIVE&#8221; IN CORPORATE NAME (§ 13.1-308)

A. No corporation or association organized or doing business for profit in this
Commonwealth shall be entitled to use the term &#8220;cooperative&#8221; as part
of its corporate or other business name or title, unless it has complied with
the provisions of this article or of Article 2 (&#xA7; 13.1-312 et seq.) or 3
(&#xA7; 13.1-346 et seq.) of this chapter or of Chapter 9.1 (&#xA7; 56-231.15 et
seq.) or 16 (&#xA7; 56-485 et seq.) of Title 56 or of any other statute
providing for cooperative corporations or associations now existing or hereafter
enacted; and any corporation or association violating the provisions of this
section may be enjoined from doing business under such name at the instance of
any stockholder or member of any corporation or association legally organized
under any law giving it the right to use the word cooperative as a part of its
corporate or business name.

B. Subsection A shall not apply to a corporation or association, domestic or
foreign, whose purpose is to promote housing opportunities or to represent,
coordinate and further the purposes of groups organized to construct, operate,
or promote housing, and such corporation or association may use the term
&#8220;cooperative&#8221; as part of its corporate or other business name or
title.

HISTORY: Code 1950, § 13-245; 1950, c. 300; 1956, c. 428; 1993, c. 822; 2020,
c. 673.