13.1-309.1 - Foreign cooperatives. - Virginia Statutes

§ 13.1-309.1. Foreign cooperatives.

A foreign cooperative whose purpose shall include one or more of the purposesrecognized for domestic cooperatives under this title or any other title ofthe Code of Virginia shall be authorized to do business under the provisionsof this chapter by complying with the laws relating to foreign corporationsdoing business in the Commonwealth. The foreign cooperative shall deliver tothe Commission the documents required by § 13.1-759 if a stock cooperative,or by § 13.1-921 if a nonstock cooperative along with a copy of thecooperative's bylaws. Upon such compliance, the foreign cooperative shallhave all the rights and privileges of a domestic cooperative. No foreigncooperative association authorized to do business in this Commonwealth underthe provisions of this article shall conduct any business in thisCommonwealth as a public service company or exercise any privileges of suchcompany.

(1992, c. 653; 1994, c. 217.)