                                 CODE OF VIRGINIA

SURVIVAL OF REMEDY AFTER TERMINATION OF CORPORATE EXISTENCE (§ 13.1-917)

The termination of corporate existence shall not take away or impair any remedy
available to or against the corporation, its directors, officers or members, for
any right or claim existing, or any liability incurred, prior to such
termination. Any such action or proceeding by or against the corporation may be
prosecuted or defended by the corporation in its corporate name. The members,
directors and officers shall have power to take such corporate or other action
as shall be appropriate to protect such remedy, right or claim.

HISTORY: Code 1950, § 13.1-264; 1956, c. 428; 1985, c. 522; 2007, c. 925.