CHAP. 518.—An ACT to amend and re-enact section 55 of chapter 5 of an
act concerning corporations, which became a law May 21, 1908, as
amended and re-enacted by an act approved March 12, 1908, relative
to the dissolution of domestic corporations and surrender of certifi-
cate of authority to do business in Virginia by foreign corporations.

(H. B. 298.)
Approved March 23, 1916.

1. Be it enacted by the general assembly of Virginia, That
section fifty-five of chapter five of an act entitled an act con-
cerning corporations, which became a law May twenty-first,
nineteen hundred and three; as amended and re-enacted by an
act approved March twelfth, nineteen hundred and eight, be
amended and re-enacted so as to read as follows:

Sec. 55. No charter shall be issued under this act, nor any
amendment to any charter be made hereunder, nor any order
of dissolution of any corporation made, nor any certificate of
such dissolution be issued, until all franchise taxes, registra-
tion fees, other taxes, fees and dues, assessed by the State cor-
poration commission, authorized as prescribed by the existing
statutes of the State, or such as may be hereafter imposed by
the State, shall have been paid. Provided, however, that no
corporation which takes proceedings to dissolve prior to the first
day of February in any year shall be required to pay the regis-
tration fee and franchise tax for that year as a condition pre-
cedent to the making of such order of dissolution or the issu-
ance of such certificate of dissolution; nor shall any foreign cor-
poration which takes steps to surrender its certificate of author-
ity to do business in this State prior to the first day of February
in any year be required to pay the registration fee for that year
as a condition precedent to the surrender of such certificate of
authority to do business in this State.