There is a newer version of the Code of Virginia
2014 Virginia Code
Title 13.1 - Corporations
§ 13.1-944. Controlling law and continuity
VA Code § 13.1-944 (2014) What's This?
A. Upon the effective date of the certificate of amendment, the corporation shall be converted to a stock corporation, and thereafter be subject to the provisions of Chapter 9 (ยง 13.1-601 et seq.) of this title.
B. The directors of the corporation at the time of conversion shall continue in office until their terms expire and new directors are elected by the shareholders.
1989, c. 609 .
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