13.1-815.1 - Charter and entrance fees for corporations. - Virginia Statutes

§ 13.1-815.1. Charter and entrance fees for corporations.

A. Every domestic corporation, upon the granting of its charter or upondomestication, shall pay a charter fee in the amount of $50 into the statetreasury, and every foreign corporation shall pay an entrance fee of $50 intothe state treasury for its certificate of authority to transact business inthe Commonwealth.

B. For any foreign corporation that files articles of domestication and thathad authority to transact business in the Commonwealth at the time of suchfiling, the charter fee to be charged upon domestication shall be an amountequal to the difference between the amount that would be required by thissection and the amount already paid as an entrance fee by such corporation.For any foreign corporation that files an application for a certificate ofauthority to transact business in the Commonwealth and that had previouslysurrendered its articles of incorporation as a domestic corporation, theentrance fee to be charged upon obtaining a certificate of authority totransact business in the Commonwealth shall be an amount equal to thedifference between the amount that would be required by this section and theamount already paid as a charter fee by such corporation.

(1988, c. 405; 2003, c. 374; 2007, cc. 810, 925; 2008, c. 509.)