                                 CODE OF VIRGINIA

CORPORATE RESTRICTIONS (§ 38.2-4520)

Any nonstock corporation subject to this chapter shall not engage in any other
business. However, a nonstock corporation may assist in the administration of
governmental health care programs in a manner provided for by contract or
regulations. A nonstock corporation&#8217;s charter may provide for ex officio
directors and directors elected by persons or associations who are not directors
or members of the nonstock corporation.

HISTORY: 1980, c. 682, § 38.1-909; 1986, c. 562.