Signed by the Governor April 9 and effective July 1, SB 50 (Chapter 706) establishes a procedure by which a nonstock corporation may convert to a LLC and also updates provisions of the Stock Corporation Act, Nonstock Corporation Act, and LLC Act.
http://lis.virginia.gov/cgi-bin/legp604.exe?121+sum+SB0050
Virginia – Procedure to convert Corp. to LLC