                                 CODE OF VIRGINIA

INSTITUTIONS MAINTAINABLE; COMPANY A CHARITABLE INSTITUTION (§ 38.2-3810)

Any company may maintain homes for aged members, or children&#8217;s homes,
hospitals or recreational centers, or any other charitable institution, and may
provide for the erection of monuments or memorials to deceased members. Such a
company is hereby classified as a charitable institution.

HISTORY: Code 1950, § 38-482; 1952, c. 317, § 38.1-508; 1986, c. 562.