                                 CODE OF VIRGINIA

LIMITATIONS OF THE USE OF THE WORD &#8220;COOPERATIVE.&#8221; (§ 13.1-336)

A. No person, firm, corporation or association, domestic or foreign, hereafter
commencing business in this Commonwealth shall use the word
&#8220;cooperative&#8221; or any abbreviation thereof, as a part of its
corporate or business name unless it has complied with the provisions of this
Act or some other statute of this Commonwealth relating to cooperative
associations. A foreign association organized under and complying with the
cooperative law of the state of such association&#8217;s creation shall be
entitled to use of term &#8220;cooperative&#8221; in this Commonwealth if it has
obtained the privilege of doing business in this Commonwealth under any
cooperative statute of this Commonwealth. Any person violating the provisions of
this section shall be deemed guilty of a misdemeanor and shall be subject to a
fine not exceeding fifty dollars. For the purpose of this section, each
day&#8217;s violation may be considered a separate offense.

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, § 13-289; 1956, c. 428; 1993, c. 822.