Limitation of individual stockholding

Va. Code Ann. § 13.1-302
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
No holder of common stock in any stock cooperative association shall own shares of a greater par value than $1,000, except as hereinafter provided, or be entitled to more than one vote. Code 1950, § 13-239; 1956, c. 428; 1994, c. 217 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-302/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements