Legal Question in Business Law in Virginia
Regarding Stock corporations in Virginia
What is a stock corporation and is it legal for a stock
corporation that is not a non-profit organization to solicit
and receive donations?
Asked on 10/31/02, 12:53 pm
1 Answer from Attorneys
Daniel Press
Chung & Press, P.C.
Re: Regarding Stock corporations in Virginia
A stock corporation is a corporation with shares. In other words, a business corporation. A stock corporation is not, by definition, a non-profit.
Answered on 10/31/02, 12:55 pm
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