                                 CODE OF VIRGINIA

RENEWAL OF NONSTOCK CORPORATION LICENSE (§ 38.2-4518)

A. Each nonstock corporation licensed under this chapter shall renew its license
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 it an opportunity to be
heard and to introduce evidence in its behalf. Any nonrenewal hearing may be
informal, and the required notice may be waived by the Commission and the
nonstock corporation.

HISTORY: 1980, c. 682, § 38.1-907; 1986, c. 562; 1987, cc. 565, 655.