Rights of subscribers before full payment

Va. Code Ann. § 13.1-305
in effect
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Certificates of stock of a stock cooperative association shall not be issued to any subscriber until fully paid, but the bylaws of the association may allow subscribers to vote as stockholders provided part of the stock subscribed for has been paid in cash. Code 1950, § 13-242; 1956, c. 428; 1994, c. 217 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-305/Fetched: 10/16/2026

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