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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>374081</law_id><section_number>6.2-204</section_number><catch_line>Capital stock of certain entities vested in Commonwealth; proceedings to recover stock; liability</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="10" identifier="6.2">Financial Institutions and Services</unit><unit label="subtitle" level="2" order_by="1" identifier="I">General Provisions</unit><unit label="chapter" level="3" order_by="2" identifier="2">Money and Currency</unit><unit label="article" level="4" order_by="2" identifier="2">Currency Issuance and Circulation</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The capital stock of every <span class="dictionary">entity</span> formed to engage in any activity prohibited by subsection A of &#xA7; <a class="law" title="Issuance of currency and related prohibited acts" href="/6.2-202/">6.2-202</a>, whether paid up or merely subscribed, shall belong to the Commonwealth. The <span class="dictionary">Attorney General</span>, whenever informed of the existence of any such <span class="dictionary">entity</span>, shall institute a suit in the <span class="dictionary">Circuit</span> <span class="dictionary">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 <span class="dictionary">entity</span>, and any of its officers, agents, or managers, may be made <span class="dictionary">defendants</span>, and compelled to exhibit all their books and papers, and an account of everything necessary to enable the <span class="dictionary">court</span> to enter a proper <span class="dictionary">order</span>. <a id="paragraph-1396465" class="section-permalink" href="https://vacode.org/6.2-204/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> No disclosure made by a <span class="dictionary">defendant</span> in such suit, and no book or paper exhibited by him in answer to the bill, or under the <span class="dictionary">order</span> of the <span class="dictionary">court</span>, shall be used as <span class="dictionary">evidence</span> against him in any case at <span class="dictionary">law</span>. <a id="paragraph-1396466" class="section-permalink" href="https://vacode.org/6.2-204/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> Every member of any <span class="dictionary">entity</span> formed to engage in any activity prohibited by subsection A of &#xA7; <a class="law" title="Issuance of currency and related prohibited acts" href="/6.2-202/">6.2-202</a> who is made <span class="dictionary">defendant</span> in any such suit, shall be held liable to the Commonwealth for his proportion of the capital stock in such <span class="dictionary">entity</span> held by him, or for his use or benefit, at the institution of such suit, or at the time of the <span class="dictionary">order</span>. Such <span class="dictionary">order</span> against any <span class="dictionary">defendant</span> shall be a bar to a proceeding against him for any act done in violation of subsection A of &#xA7; <a class="law" title="Issuance of currency and related prohibited acts" href="/6.2-202/">6.2-202</a>. <a id="paragraph-1396467" class="section-permalink" href="https://vacode.org/6.2-204/#C"><i class="fa fa-link"/></a></p></section></text><history>1987, c. 622, &#xA7; 6.1-330.52; 2010, c. 794.</history><metadata></metadata></law>
