Code of Virginia
Chapter 3 - Cooperative Associations
§ 13.1-310. Cooperative associations may give certain liens on rotating stocks

Any cooperative association or corporation organized under the laws of this Commonwealth, or under the laws of the United States, or qualifying as a cooperative association under the laws of the United States, may give as security for any loan or loans obtained from any bank for cooperatives organized under any act of Congress a chattel mortgage or deed of trust covering stocks of goods or other things in bulk, but changing in specifics, in which case the lien of such mortgage or deed of trust shall be lost as to all articles disposed of by the mortgagor up to the time of foreclosure but shall attach to the articles purchased to supply their places; provided, however, no stock of goods shall be pledged by a cooperative association unless such stock has been fully paid for and is owned by the association without incumbrance at the time it is so pledged.
Code 1950, § 13-247; 1956, c. 428.

Structure Code of Virginia

Code of Virginia

Title 13.1 - Corporations

Chapter 3 - Cooperative Associations

§ 13.1-301. Organization of cooperative associations; purposes; name; par value stock required

§ 13.1-301.1. Amendments to articles of incorporation

§ 13.1-301.2. Adoption, change or repeal of bylaws; subject matter

§ 13.1-302. Limitation of individual stockholding

§ 13.1-303. Investment in other stock

§ 13.1-304. Purchase of business by issue of shares of stock

§ 13.1-305. Rights of subscribers before full payment

§ 13.1-306. Distribution of earnings

§ 13.1-307. Permissible limitation of stock ownership or voting rights

§ 13.1-308. Limitation of use of "cooperative" in corporate name

§ 13.1-309. Other cooperatives may come under article

§ 13.1-309.1. Foreign cooperatives

§ 13.1-310. Cooperative associations may give certain liens on rotating stocks

§ 13.1-311. Taxation

§ 13.1-311.1. Provisions relating to dissolution of and revocation of certificates of associations

§ 13.1-312. Liberal construction of article

§ 13.1-313. Definitions

§ 13.1-314. Qualification of incorporators

§ 13.1-315. Purposes

§ 13.1-316. Articles of incorporation

§ 13.1-317. Filing and recording articles of incorporation

§ 13.1-318. Amendments to the articles of incorporation

§ 13.1-319. Bylaws

§ 13.1-320. Powers

§ 13.1-321. Members

§ 13.1-322. Membership or voting stock certificates; transfers; dividends; nonvoting stock

§ 13.1-323. General and special meetings; how called

§ 13.1-324. Directors generally; executive committee

§ 13.1-325. Removal of director

§ 13.1-326. Officers generally

§ 13.1-327. Removal of officer

§ 13.1-328. Referendum

§ 13.1-329. Marketing contracts; enforcement; inducing breach; spreading false reports

§ 13.1-330. Recordation of marketing contracts

§ 13.1-331. Associations are not in restraint of trade

§ 13.1-332. Voluntary dissolution

§ 13.1-333. Repealed

§ 13.1-333.1. Annual reports

§ 13.1-334. Application to existing associations

§ 13.1-335. Saving clause

§ 13.1-336. Limitations of the use of the word "cooperative."

§ 13.1-337. Foreign associations

§ 13.1-338. Purchasing business of other associations, persons, firms or corporations; stock issued

§ 13.1-339. Merger or consolidation

§ 13.1-340. Sale, mortgage or other disposition of assets

§ 13.1-341. Taxes

§ 13.1-342. Reserved

§ 13.1-343. Application of general corporation laws

§ 13.1-344. Existing associations continued

§ 13.1-345. Verification no longer required; signing instrument containing misstatement as perjury

§ 13.1-346. Definitions

§ 13.1-347. Formation of worker cooperative; purpose

§ 13.1-348. Name

§ 13.1-349. Application of other laws

§ 13.1-350. Revocation of election to be governed as worker cooperative; limitation on mergers

§ 13.1-351. Qualifications of members; membership shares

§ 13.1-352. Voting rights

§ 13.1-353. Net earnings or losses; apportionment, distribution, and payment

§ 13.1-354. Internal capital accounts; redemption of shares; collective reserve account

§ 13.1-355. Internal capital accounting