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HB 439

Virginia Nonstock Corporation Act; numerous revisions to Act, delayed effective date.

2026 Regular Session Introduced by Patrick Hope

HB 439 comprehensively revises Virginia's Nonstock Corporation Act governance rules with a delayed effective date, passing the House 98-0 en route to committee review.

Governor's Action Deadline 11:59 p.m., April 13, 2026
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Bill Summary · HB 439

Legislative bill overview

HB 439 revises Virginia's Nonstock Corporation Act with multiple amendments and establishes a delayed effective date for implementation. The bill has already passed the House with overwhelming support (98-0) and is currently referred to the Commerce and Labor Committee for further consideration.

Why is this important

Nonstock corporations—organizations like nonprofits, associations, and mutual benefit corporations—operate under specific legal frameworks that govern their structure and operations. Modernizing this Act affects thousands of Virginia organizations and their members by updating governance rules, operational requirements, or registration procedures.

Potential points of contention

  • The bill's specific amendments are not detailed in the legislative summary, making it difficult to assess whether particular stakeholder groups (nonprofits, religious organizations, professional associations) will face compliance burdens or benefit from reforms
  • The delayed effective date suggests either complexity in implementation or a need for transition time, but without knowing the timeline, organizations may face uncertainty in planning
  • The near-unanimous House passage (98-1) is unusual and may indicate either strong consensus on necessary technical updates or potentially obscured provisions that warrant closer scrutiny during committee review

Compiled from official sources — confirm details with the bill’s official record.

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