{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-755.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-755.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-755.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-755.html"}],"law_id":346936,"edition_id":2,"section_id":346936,"structure_id":49801,"section_number":"13.1-755","catch_line":"Survival of remedy after termination of corporate existence","history":"Code 1950, \u00a7 13.1-101; 1956, c. 428; 1985, c. 522; 2019, c. 734.","full_text":"The termination of corporate existence shall not take away or impair any remedy available to or against the corporation or its directors, officers, or shareholders for any right or claim existing or any liability incurred prior to such termination. Any such action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The shareholders, directors, and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim.\n\n","order_by":null,"text":{"0":{"id":1294350,"text":"The termination of corporate existence shall not take away or impair any remedy available to or against the corporation or its directors, officers, or shareholders for any right or claim existing or any liability incurred prior to such termination. Any such action or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The shareholders, directors, and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49801,"edition_id":2,"name":"Dissolution","identifier":"16","label":"article","depth":3,"order_by":21,"parent_id":49780,"metadata":{"child_laws":19,"child_structures":0},"date_created":"2026-08-02 02:15:41","date_modified":"2026-08-02 12:29:13","permalink":{"id":1377609,"object_type":"structure","relational_id":49801,"identifier":"16","token":"13.1\/9\/16","url":"\/13.1\/9\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49780,"edition_id":2,"name":"Virginia Stock Corporation Act","identifier":"9","label":"chapter","depth":2,"order_by":12,"parent_id":49726,"metadata":{"child_laws":265,"child_structures":27},"date_created":"2026-08-02 02:14:54","date_modified":"2026-08-02 12:29:09","permalink":{"id":1377165,"object_type":"structure","relational_id":49780,"identifier":"9","token":"13.1\/9","url":"\/13.1\/9\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346919,"structure_id":49801,"section_number":"13.1-742","catch_line":"Dissolution by directors and shareholders","url":"\/13.1-742\/","token":"13.1\/9\/16\/13.1-742","metadata":{"court_decisions":{"0":{"name":"Maurag, Inc. v. Bertuglia","case_number":"Civil Action 4:06cv73","citation":"494 F. Supp. 2d 395","date":"2007-07-16","url":"https:\/\/www.courtlistener.com\/opinion\/2150367\/maurag-inc-v-bertuglia\/","abstract":" .\u202f.\u202f. 494 F.Supp.2d 395 (2007) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":346920,"structure_id":49801,"section_number":"13.1-743","catch_line":"Articles of dissolution","url":"\/13.1-743\/","token":"13.1\/9\/16\/13.1-743","metadata":false},{"id":346921,"structure_id":49801,"section_number":"13.1-744","catch_line":"Revocation of dissolution","url":"\/13.1-744\/","token":"13.1\/9\/16\/13.1-744","metadata":{"court_decisions":""}},{"id":346922,"structure_id":49801,"section_number":"13.1-745","catch_line":"Effect of dissolution","url":"\/13.1-745\/","token":"13.1\/9\/16\/13.1-745","metadata":{"court_decisions":{"0":{"name":"Commonwealth Transp. v. Windsor Industries","case_number":"Record 051335.","citation":"630 S.E.2d 514","date":"2006-06-08","url":"https:\/\/www.courtlistener.com\/opinion\/1058810\/commonwealth-transp-v-windsor-industries\/","abstract":" .\u202f.\u202f. 630 S.E.2d 514 (2006) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"1":{"name":"In Re Lane","case_number":"19-70349","citation":"215 B.R. 810","date":"1997-12-04","url":"https:\/\/www.courtlistener.com\/opinion\/1911335\/in-re-lane\/","abstract":" .\u202f.\u202f. 215 B.R. 810 (1997) .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"},"2":{"name":"City of Virginia Beach v. Bell","case_number":"Record 971117","citation":"498 S.E.2d 414","date":"1998-02-27","url":"https:\/\/www.courtlistener.com\/opinion\/1059943\/city-of-virginia-beach-v-bell\/","abstract":" .\u202f.\u202f. 498 S.E.2d 414 (1998) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":346926,"structure_id":49801,"section_number":"13.1-746","catch_line":"Known claims against dissolved corporation","url":"\/13.1-746\/","token":"13.1\/9\/16\/13.1-746","metadata":{"court_decisions":""}},{"id":346923,"structure_id":49801,"section_number":"13.1-746.1","catch_line":"Other claims against dissolved corporation","url":"\/13.1-746.1\/","token":"13.1\/9\/16\/13.1-746.1","metadata":{"court_decisions":""}},{"id":346924,"structure_id":49801,"section_number":"13.1-746.2","catch_line":"Court proceedings","url":"\/13.1-746.2\/","token":"13.1\/9\/16\/13.1-746.2","metadata":{"court_decisions":""}},{"id":346925,"structure_id":49801,"section_number":"13.1-746.3","catch_line":"Director duties","url":"\/13.1-746.3\/","token":"13.1\/9\/16\/13.1-746.3","metadata":false},{"id":346927,"structure_id":49801,"section_number":"13.1-747","catch_line":"Grounds for judicial dissolution","url":"\/13.1-747\/","token":"13.1\/9\/16\/13.1-747","metadata":{"court_decisions":{"0":{"name":"Schultz v. Schultz","case_number":"Record 941129","citation":"458 S.E.2d 458","date":"1995-06-09","url":"https:\/\/www.courtlistener.com\/opinion\/1060277\/schultz-v-schultz\/","abstract":" .\u202f.\u202f. 458 S.E.2d 458 (1995) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"1":{"name":"Jordon v. Bowman Apple Products Co., Inc.","case_number":"Civ. A. 89-0021-C","citation":"728 F. Supp. 409","date":"1990-01-10","url":"https:\/\/www.courtlistener.com\/opinion\/2596712\/jordon-v-bowman-apple-products-co-inc\/","abstract":" .\u202f.\u202f. 728 F.Supp. 409 (1990) .\u202f.\u202f. ","court_html":"District Court, W.D. Virginia"},"2":{"name":"In re McCurnin","case_number":"Case No. 16-30093-KLP; Case No. 15-36551-KLP; Adv. Pro. No. 17-04553-KLP","citation":"590 B.R. 729","date":"2018-09-24","url":"https:\/\/www.courtlistener.com\/opinion\/8529140\/in-re-mccurnin\/","abstract":" .\u202f.\u202f. Keith L. Phillips, United States Bankruptcy Judge .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"},"3":{"name":"Willard v. Moneta Building Supply, Inc.","case_number":"Record 981836","citation":"515 S.E.2d 277","date":"1999-06-11","url":"https:\/\/www.courtlistener.com\/opinion\/1059739\/willard-v-moneta-building-supply-inc\/","abstract":" .\u202f.\u202f. JUSTICE KINSER .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"4":{"name":"In re Cole","case_number":"Case No. 15-30979-KLP","citation":"548 B.R. 132","date":"2016-03-24","url":"https:\/\/www.courtlistener.com\/opinion\/8526836\/in-re-cole\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"},"5":{"name":"Owens v. Owens","case_number":"3140023","citation":"589 S.E.2d 488","date":"2003-12-16","url":"https:\/\/www.courtlistener.com\/opinion\/1064049\/owens-v-owens\/","abstract":" .\u202f.\u202f. 589 S.E.2d 488 (2003) .\u202f.\u202f. ","court_html":"<abbr title=\"Court of Appeals\">COA<\/abbr>"},"6":{"name":"CATTANO v. Bragg","case_number":"110692","citation":"727 S.E.2d 625","date":"2012-04-20","url":"https:\/\/www.courtlistener.com\/opinion\/1057899\/cattano-v-bragg\/","abstract":" .\u202f.\u202f. 727 S.E.2d 625 (2012) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"7":{"name":"Giannotti v. Hamway","case_number":"Record 880555","citation":"387 S.E.2d 725","date":"1990-01-12","url":"https:\/\/www.courtlistener.com\/opinion\/1261157\/giannotti-v-hamway\/","abstract":" .\u202f.\u202f. 387 S.E.2d 725 (1990) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":346928,"structure_id":49801,"section_number":"13.1-748","catch_line":"Receivership or custodianship","url":"\/13.1-748\/","token":"13.1\/9\/16\/13.1-748","metadata":{"court_decisions":{"0":{"name":"CATTANO v. Bragg","case_number":"110692","citation":"727 S.E.2d 625","date":"2012-04-20","url":"https:\/\/www.courtlistener.com\/opinion\/1057899\/cattano-v-bragg\/","abstract":" .\u202f.\u202f. 727 S.E.2d 625 (2012) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"1":{"name":"Commonwealth Ex Rel. Beales v. Joco Foundation","case_number":"Record 011794","citation":"558 S.E.2d 280","date":"2002-01-11","url":"https:\/\/www.courtlistener.com\/opinion\/1059393\/commonwealth-ex-rel-beales-v-joco-foundation\/","abstract":" .\u202f.\u202f. SENIOR JUSTICE COMPTON .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"2":{"name":"Giannotti v. Hamway","case_number":"Record 880555","citation":"387 S.E.2d 725","date":"1990-01-12","url":"https:\/\/www.courtlistener.com\/opinion\/1261157\/giannotti-v-hamway\/","abstract":" .\u202f.\u202f. 387 S.E.2d 725 (1990) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":346930,"structure_id":49801,"section_number":"13.1-749","catch_line":"Decree of dissolution","url":"\/13.1-749\/","token":"13.1\/9\/16\/13.1-749","metadata":false},{"id":346929,"structure_id":49801,"section_number":"13.1-749.1","catch_line":"Election to purchase in lieu of dissolution","url":"\/13.1-749.1\/","token":"13.1\/9\/16\/13.1-749.1","metadata":{"court_decisions":""}},{"id":346931,"structure_id":49801,"section_number":"13.1-750","catch_line":"Articles of termination of corporate existence","url":"\/13.1-750\/","token":"13.1\/9\/16\/13.1-750","metadata":{"court_decisions":""}},{"id":346932,"structure_id":49801,"section_number":"13.1-751","catch_line":"Termination of corporate existence by incorporators or initial directors","url":"\/13.1-751\/","token":"13.1\/9\/16\/13.1-751","metadata":false},{"id":346933,"structure_id":49801,"section_number":"13.1-752","catch_line":"Automatic termination of corporate existence","url":"\/13.1-752\/","token":"13.1\/9\/16\/13.1-752","metadata":false},{"id":346934,"structure_id":49801,"section_number":"13.1-753","catch_line":"Involuntary termination of corporate existence","url":"\/13.1-753\/","token":"13.1\/9\/16\/13.1-753","metadata":{"court_decisions":{"0":{"name":"In re McCurnin","case_number":"Case No. 16-30093-KLP; Case No. 15-36551-KLP; Adv. Pro. No. 17-04553-KLP","citation":"590 B.R. 729","date":"2018-09-24","url":"https:\/\/www.courtlistener.com\/opinion\/8529140\/in-re-mccurnin\/","abstract":" .\u202f.\u202f. Keith L. Phillips, United States Bankruptcy Judge .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"},"1":{"name":"In Re Lane","case_number":"19-70349","citation":"215 B.R. 810","date":"1997-12-04","url":"https:\/\/www.courtlistener.com\/opinion\/1911335\/in-re-lane\/","abstract":" .\u202f.\u202f. 215 B.R. 810 (1997) .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"},"2":{"name":"SAFETY CAS. INS. v. CG MITCHELL","case_number":"Record No. 032709.","citation":"601 S.E.2d 633","date":"2004-09-17","url":"https:\/\/www.courtlistener.com\/opinion\/7472425\/safety-cas-ins-v-cg-mitchell\/","abstract":" .\u202f.\u202f. KINSER, Justice. .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"},"3":{"name":"Safety Cas. Ins. v. Cg Mitchell","case_number":"032709","citation":"601 S.E.2d 633","date":"2004-09-17","url":"https:\/\/www.courtlistener.com\/opinion\/1059052\/safety-cas-ins-v-cg-mitchell\/","abstract":" .\u202f.\u202f. 601 S.E.2d 633 (2004) .\u202f.\u202f. ","court_html":"<abbr title=\"Supreme Court of Virginia\">SCV<\/abbr>"}}}},{"id":346935,"structure_id":49801,"section_number":"13.1-754","catch_line":"Reinstatement of a corporation that has ceased to exist","url":"\/13.1-754\/","token":"13.1\/9\/16\/13.1-754","metadata":false},{"id":346936,"structure_id":49801,"section_number":"13.1-755","catch_line":"Survival of remedy after termination of corporate existence","url":"\/13.1-755\/","token":"13.1\/9\/16\/13.1-755","metadata":false},{"id":346937,"structure_id":49801,"section_number":"13.1-756","catch_line":"Repealed","url":"\/13.1-756\/","token":"13.1\/9\/16\/13.1-756","metadata":false}],"previous_section":{"id":346935,"structure_id":49801,"section_number":"13.1-754","catch_line":"Reinstatement of a corporation that has ceased to exist","url":"\/13.1-754\/","token":"13.1\/9\/16\/13.1-754","metadata":false},"next_section":{"id":346937,"structure_id":49801,"section_number":"13.1-756","catch_line":"Repealed","url":"\/13.1-756\/","token":"13.1\/9\/16\/13.1-756","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-755\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 428; in 1985, chapter 522; in 2019, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?191+ful+CHAP0734\">734<\/a>.<\/p>","references":[{"id":370238,"section_number":"56-264","catch_line":"Quo warranto in case of failure to comply with order of Commission","order_by":null,"url":"\/56-264\/"}],"refers_to":false,"permalink":{"id":1377679,"object_type":"law","relational_id":346936,"identifier":"13.1-755","token":"13.1\/9\/16\/13.1-755","url":"\/13.1-755\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-755\/","token":"13.1\/9\/16\/13.1-755","dublin_core":{"Title":"Survival of remedy after termination of corporate existence","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-755","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The termination of corporate existence shall not take away or impair any remedy available to or against the <span class=\"dictionary\">corporation<\/span> or its directors, officers, or <span class=\"dictionary\">shareholders<\/span> for any right or claim existing or any liability incurred prior to such termination. Any such action or <span class=\"dictionary\">proceeding<\/span> by or against the <span class=\"dictionary\">corporation<\/span> may be prosecuted or defended by the <span class=\"dictionary\">corporation<\/span> in its corporate name. The <span class=\"dictionary\">shareholders<\/span>, directors, and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nSURVIVAL OF REMEDY AFTER TERMINATION OF CORPORATE EXISTENCE (\u00a7 13.1-755)\n\nThe termination of corporate existence shall not take away or impair any remedy\navailable to or against the corporation or its directors, officers, or\nshareholders for any right or claim existing or any liability incurred prior to\nsuch termination. Any such action or proceeding by or against the corporation\nmay be prosecuted or defended by the corporation in its corporate name. The\nshareholders, directors, and officers shall have power to take such corporate or\nother action as shall be appropriate to protect such remedy, right, or claim.\n\nHISTORY: Code 1950, \u00a7 13.1-101; 1956, c. 428; 1985, c. 522; 2019, c. 734.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}