                                 CODE OF VIRGINIA

EFFECT OF CERTIFICATE OF AUTHORITY (§ 13.1-761)

A. A certificate of authority authorizes the foreign corporation to transact
business in the Commonwealth subject, however, to the right of the Commonwealth
to revoke the certificate as provided in this chapter.

B. A foreign corporation holding a valid certificate of authority shall have no
greater rights and privileges than a domestic corporation. The certificate of
authority shall not be deemed to authorize the foreign corporation to exercise
any of its corporate powers or purposes that a foreign corporation is forbidden
by law to exercise in the Commonwealth.

C. This chapter does not authorize the Commonwealth to regulate the organization
or internal affairs of a foreign corporation authorized to transact business in
the Commonwealth.

HISTORY: Code 1950, §§ 13.1-102, 13.1-103, 13.1-108; 1956, c. 428; 1985, c.
522; 2019, c. 734; 2020, c. 1226.