Benefit Corporations

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Article 22 of the Code of Virginia, titled “Benefit Corporations.” It is part of Chapter 9 “Virginia Stock Corporation Act”, which is part of Title 13.1 “Corporations”. It contains 11 laws.

It’s comprised of the following 11 sections.

§ 13.1-782	Definitions
§ 13.1-783	Application and effect of article
§ 13.1-784	Formation of benefit corporations
§ 13.1-785	Election of status after formation
§ 13.1-786	Termination of status
§ 13.1-787	Corporate purposes
§ 13.1-788	Standard of conduct for directors
§ 13.1-789	Limitation upon liability of officers
§ 13.1-790	Right of action
§ 13.1-791	Annual benefit report
§ 13.1-792	Reserved