2014 Virginia Code
Title 38.2 - Insurance
§ 38.2-4520. Corporate restrictions
Any nonstock corporation subject to this chapter shall not engage in any other business. However, a nonstock corporation may assist in the administration of governmental health care programs in a manner provided for by contract or regulations. A nonstock corporation's charter may provide for ex officio directors and directors elected by persons or associations who are not directors or members of the nonstock corporation.
1980, c. 682, ยง 38.1-909; 1986, c. 562.
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