                                 CODE OF VIRGINIA

PURPOSES (§ 13.1-825)

Every corporation incorporated under this Act has the purpose of engaging in any
lawful activity, unless:

1. A statute requires the corporation to issue shares or one of the purposes of
the corporation is to conduct the business of a public service company other
than a sewer company; or

2. A more limited purpose is (i) set forth in the articles of incorporation or
(ii) required to be set forth in the articles of incorporation by any other law
of the Commonwealth.

HISTORY: Code 1950, § 13.1-204; 1956, c. 428; 1958, c. 564; 1960, c. 296; 1971,
Ex. Sess., c. 98; 1985, c. 522; 2007, c. 925.