13.1-944 - Controlling law and continuity. - Virginia Statutes

§ 13.1-944. Controlling law and continuity.

A. Upon the effective date of the certificate of amendment, the corporationshall be converted to a stock corporation, and thereafter be subject to theprovisions of Chapter 9 (§ 13.1-601 et seq.) of this title.

B. The directors of the corporation at the time of conversion shall continuein office until their terms expire and new directors are elected by theshareholders.

(1989, c. 609.)