38.2-4402.1 - Corporate organization required.

§ 38.2-4402.1. Corporate organization required.

Each plan shall be conducted by or through (i) a nonstock or stockcorporation organized pursuant to the laws of this Commonwealth or (ii) aforeign corporation that is subject to regulation and licensing under thelaws of its domiciliary jurisdiction that are substantially similar to thoseprovided by this chapter.

(1994, c. 224.)