17.1-513.01 - Jurisdiction of circuit courts with respect to charitable assets. - Virginia Statutes

§ 17.1-513.01. Jurisdiction of circuit courts with respect to charitableassets.

A. The circuit courts shall have the same subject matter jurisdiction overmatters pertaining to assets of charitable corporations, incorporated in ordoing any business in Virginia, as the circuit courts have with respect toassets held by unincorporated charitable trusts and other charitableentities, including the power to require accountings, appoint receivers,award damages, and enter injunctive relief against such charitablecorporations, their officers, directors, agents, employees and others as maybe necessary to protect the public interest in such assets.

B. Nothing contained in this section is intended to modify the standard ofconduct applicable under existing law to the directors of charitablecorporations incorporated in or doing any business in Virginia.

(2002, c. 792; 2004, c. 289.)