Code of Virginia § 13.1-726. Voting requirements for affiliated transactions.
71 words·~1 min read·
/va/title-13-1/chapter-9/13-1-726A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except as provided in § 13.1-727 and notwithstanding the provisions of subsection A of § 13.1-638 , in addition to any affirmative vote required by any other section of this Act or by the articles of incorporation, an affiliated transaction shall be approved by the affirmative vote of the holders of two-thirds of the voting shares other than shares beneficially owned by the interested shareholder.
1985, c. 522; 1988, c. 442.