Under the West Virginia law, stockholders' and directors' meetings need not be held in state, and the action of a majority of the directors is valid without calling a regular directors' meeting. Stock may be issued for either cash, property or services. Corporations may hold stock in other corporations. Incorporators must pay ten per cent of the amount of their subscriptions before signing the articles of association.

Section 64. Other States And Territories With Liberal Corporation Laws

Among the other states and territories with liberal corporation laws are Arizona, Connecticut, New Mexico, Porto Rico and Virginia.