This article reviews recent developments in the law affecting Virginia businesses and corporations. Part II discusses recent judicial decisions, including: two Fourth Circuit Court of Appeals opinions, one interpreting and upholding the constitutionality of the Virginia statutes regulating hostile takeovers, and the other determining the owner of partnership property upon dissolution of the partnership; two Supreme Court of Virginia decisions regarding non-stock corporations, one determining the validity of the board of directors, and one deciding whether the Property Owners' Association Act supersedes the bylaws of an incorporated non-stock property owners' association; four Supreme Court of Virginia decisions including one denying a shareholder's request for a list of shareholders, one refusing to pierce the corporate veil, another refusing to dissolve a closely held corporation held by a husband and a wife going through divorce, and finally, one determining when a limited partner can be held liable for debts of the partnership. Part III discusses several acts of the 1996 session of the Virginia General Assembly amending Virginia's corporation, partnership, and limited liability company statutes.
William A. Musgrove,
Annual Survey of Virginia Law: Business and Corporate Law,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol30/iss5/4