                                 CODE OF VIRGINIA

RENEWAL OF LICENSE (§ 38.2-4223)

A. Each nonstock corporation shall renew its license with the Commission
annually by July 1. The renewal license shall not be issued unless the nonstock
corporation has complied with all requirements of law.

B. The Commission shall not fail or refuse to renew the license of any nonstock
corporation without first giving the nonstock corporation ten days&#8217; notice
of its intention not to renew the license and giving the nonstock corporation an
opportunity to be heard and introduce evidence in its behalf. Any such hearing
may be informal, and the required notice may be waived by the Commission and the
nonstock corporation.

HISTORY: Code 1950, § 32-195.12; 1956, c. 268, § 38.1-826; 1978, c. 4; 1979,
c. 721; 1980, c. 682; 1986, c. 562; 1987, cc. 565, 655.