{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-204.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-204.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-204.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-204.html"}],"law_id":374081,"edition_id":2,"section_id":374081,"structure_id":53198,"section_number":"6.2-204","catch_line":"Capital stock of certain entities vested in Commonwealth; proceedings to recover stock; liability","history":"1987, c. 622, \u00a7 6.1-330.52; 2010, c. 794.","full_text":"A\n\nThe capital stock of every entity formed to engage in any activity prohibited by subsection A of § 6.2-202, whether paid up or merely subscribed, shall belong to the Commonwealth. The Attorney General, whenever informed of the existence of any such entity, shall institute a suit in the Circuit Court of the City of Richmond, for the purpose of recovering such capital stock. In such suit, all or any of the members of such entity, and any of its officers, agents, or managers, may be made defendants, and compelled to exhibit all their books and papers, and an account of everything necessary to enable the court to enter a proper order.\n\nB\n\nNo disclosure made by a defendant in such suit, and no book or paper exhibited by him in answer to the bill, or under the order of the court, shall be used as evidence against him in any case at law.\n\nC\n\nEvery member of any entity formed to engage in any activity prohibited by subsection A of § 6.2-202 who is made defendant in any such suit, shall be held liable to the Commonwealth for his proportion of the capital stock in such entity held by him, or for his use or benefit, at the institution of such suit, or at the time of the order. Such order against any defendant shall be a bar to a proceeding against him for any act done in violation of subsection A of § 6.2-202.\n\n","order_by":null,"text":{"0":{"id":1396465,"text":"The capital stock of every entity formed to engage in any activity prohibited by subsection A of § 6.2-202, whether paid up or merely subscribed, shall belong to the Commonwealth. The Attorney General, whenever informed of the existence of any such entity, shall institute a suit in the Circuit Court of the City of Richmond, for the purpose of recovering such capital stock. In such suit, all or any of the members of such entity, and any of its officers, agents, or managers, may be made defendants, and compelled to exhibit all their books and papers, and an account of everything necessary to enable the court to enter a proper order.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1396466,"text":"No disclosure made by a defendant in such suit, and no book or paper exhibited by him in answer to the bill, or under the order of the court, shall be used as evidence against him in any case at law.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"C"},"2":{"id":1396467,"text":"Every member of any entity formed to engage in any activity prohibited by subsection A of § 6.2-202 who is made defendant in any such suit, shall be held liable to the Commonwealth for his proportion of the capital stock in such entity held by him, or for his use or benefit, at the institution of such suit, or at the time of the order. Such order against any defendant shall be a bar to a proceeding against him for any act done in violation of subsection A of § 6.2-202.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":53198,"edition_id":2,"name":"Currency Issuance and Circulation","identifier":"2","label":"article","depth":4,"order_by":2,"parent_id":53195,"metadata":{"child_laws":3,"child_structures":0},"date_created":"2026-08-02 03:12:48","date_modified":"2026-08-02 12:27:54","permalink":{"id":1490321,"object_type":"structure","relational_id":53198,"identifier":"2","token":"6.2\/I\/2\/2","url":"\/6.2\/I\/2\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53195,"edition_id":2,"name":"Money and Currency","identifier":"2","label":"chapter","depth":3,"order_by":2,"parent_id":53153,"metadata":{"child_laws":5,"child_structures":2},"date_created":"2026-08-02 03:12:45","date_modified":"2026-08-02 12:27:54","permalink":{"id":1490309,"object_type":"structure","relational_id":53195,"identifier":"2","token":"6.2\/I\/2","url":"\/6.2\/I\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53153,"edition_id":2,"name":"General Provisions","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":53152,"metadata":{"child_laws":99,"child_structures":18},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:54","permalink":{"id":1490253,"object_type":"structure","relational_id":53153,"identifier":"I","token":"6.2\/I","url":"\/6.2\/I\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":374059,"structure_id":53198,"section_number":"6.2-202","catch_line":"Issuance of currency and related prohibited acts","url":"\/6.2-202\/","token":"6.2\/I\/2\/2\/6.2-202","metadata":false},{"id":374070,"structure_id":53198,"section_number":"6.2-203","catch_line":"Contracts and securities from illegal currency dealing void; recovery of payments","url":"\/6.2-203\/","token":"6.2\/I\/2\/2\/6.2-203","metadata":false},{"id":374081,"structure_id":53198,"section_number":"6.2-204","catch_line":"Capital stock of certain entities vested in Commonwealth; proceedings to recover stock; liability","url":"\/6.2-204\/","token":"6.2\/I\/2\/2\/6.2-204","metadata":false}],"previous_section":{"id":374070,"structure_id":53198,"section_number":"6.2-203","catch_line":"Contracts and securities from illegal currency dealing void; recovery of payments","url":"\/6.2-203\/","token":"6.2\/I\/2\/2\/6.2-203","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-204\/","history_text":"

This law was first created in 1987. The record of its establishment is cataloged in chapter 622 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1987 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":374059,"section_number":"6.2-202","catch_line":"Issuance of currency and related prohibited acts","order_by":null,"url":"\/6.2-202\/"}],"permalink":{"id":1490331,"object_type":"law","relational_id":374081,"identifier":"6.2-204","token":"6.2\/I\/2\/2\/6.2-204","url":"\/6.2-204\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-204\/","token":"6.2\/I\/2\/2\/6.2-204","dublin_core":{"Title":"Capital stock of certain entities vested in Commonwealth; proceedings to recover stock; liability","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-204","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> The capital stock of every entity<\/span> formed to engage in any activity prohibited by subsection A of § 6.2-202<\/a>, whether paid up or merely subscribed, shall belong to the Commonwealth. The Attorney General<\/span>, whenever informed of the existence of any such entity<\/span>, shall institute a suit in the Circuit<\/span> Court<\/span> of the City of Richmond, for the purpose of recovering such capital stock. In such suit, all or any of the members of such entity<\/span>, and any of its officers, agents, or managers, may be made defendants<\/span>, and compelled to exhibit all their books and papers, and an account of everything necessary to enable the court<\/span> to enter a proper order<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> No disclosure made by a defendant<\/span> in such suit, and no book or paper exhibited by him in answer to the bill, or under the order<\/span> of the court<\/span>, shall be used as evidence<\/span> against him in any case at law<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> Every member of any entity<\/span> formed to engage in any activity prohibited by subsection A of § 6.2-202<\/a> who is made defendant<\/span> in any such suit, shall be held liable to the Commonwealth for his proportion of the capital stock in such entity<\/span> held by him, or for his use or benefit, at the institution of such suit, or at the time of the order<\/span>. Such order<\/span> against any defendant<\/span> shall be a bar to a proceeding against him for any act done in violation of subsection A of § 6.2-202<\/a>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nCAPITAL STOCK OF CERTAIN ENTITIES VESTED IN COMMONWEALTH; PROCEEDINGS TO RECOVER\nSTOCK; LIABILITY (\u00a7 6.2-204)\n\nA. The capital stock of every entity formed to engage in any activity prohibited\nby subsection A of § 6.2-202, whether paid up or merely subscribed, shall\nbelong to the Commonwealth. The Attorney General, whenever informed of the\nexistence of any such entity, shall institute a suit in the Circuit Court of the\nCity of Richmond, for the purpose of recovering such capital stock. In such\nsuit, all or any of the members of such entity, and any of its officers, agents,\nor managers, may be made defendants, and compelled to exhibit all their books\nand papers, and an account of everything necessary to enable the court to enter\na proper order.\n\nB. No disclosure made by a defendant in such suit, and no book or paper\nexhibited by him in answer to the bill, or under the order of the court, shall\nbe used as evidence against him in any case at law.\n\nC. Every member of any entity formed to engage in any activity prohibited by\nsubsection A of § 6.2-202 who is made defendant in any such suit, shall be\nheld liable to the Commonwealth for his proportion of the capital stock in such\nentity held by him, or for his use or benefit, at the institution of such suit,\nor at the time of the order. Such order against any defendant shall be a bar to\na proceeding against him for any act done in violation of subsection A of §\n6.2-202.\n\nHISTORY: 1987, c. 622, \u00a7 6.1-330.52; 2010, c. 794.","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"}}