{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-614.6.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-614.6.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-614.6.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-614.6.html"}],"law_id":85070,"edition_id":1,"section_id":85070,"structure_id":15717,"section_number":"13.1-614.6","catch_line":"Effect of ratification","history":"2019, c. 734.","full_text":"From and after the validation effective time, and without regard to the 120-day period during which a claim may be brought under \u00a7 13.1-614.8:\n\n1\n\nEach defective corporate action ratified in accordance with § 13.1-614.3 shall not be void or voidable as a result of the failure of authorization identified in the action taken under subsection A or B of § 13.1-614.3 and shall be deemed a valid corporate action effective as of the date of the defective corporate action;2\n\nThe issuance of each putative share or fraction of a putative share purportedly issued pursuant to a defective corporate action identified in the action taken under § 13.1-614.3 shall not be void or voidable, and each such putative share or fraction of a putative share shall be deemed to be an identical share or fraction of a valid share as of the time it was purportedly issued; and3\n\nAny corporate action taken subsequent to the defective corporate action ratified in accordance with this article in reliance on such defective corporate action having been validly effected and any subsequent defective corporate action resulting directly or indirectly from such original defective corporate action shall be valid as of the time taken.","order_by":null,"text":{"0":{"id":304884,"text":"From and after the validation effective time, and without regard to the 120-day period during which a claim may be brought under \u00a7 13.1-614.8:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":304885,"text":"Each defective corporate action ratified in accordance with § 13.1-614.3 shall not be void or voidable as a result of the failure of authorization identified in the action taken under subsection A or B of § 13.1-614.3 and shall be deemed a valid corporate action effective as of the date of the defective corporate action;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":304886,"text":"The issuance of each putative share or fraction of a putative share purportedly issued pursuant to a defective corporate action identified in the action taken under § 13.1-614.3 shall not be void or voidable, and each such putative share or fraction of a putative share shall be deemed to be an identical share or fraction of a valid share as of the time it was purportedly issued; and","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":304887,"text":"Any corporate action taken subsequent to the defective corporate action ratified in accordance with this article in reliance on such defective corporate action having been validly effected and any subsequent defective corporate action resulting directly or indirectly from such original defective corporate action shall be valid as of the time taken.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":15717,"edition_id":1,"name":"Ratification of Defective Corporate Actions","identifier":"1.1","label":"article","depth":3,"order_by":1,"parent_id":12983,"metadata":{},"date_created":"2026-06-26 03:58:16","date_modified":"2026-06-26 03:58:16","permalink":{"id":150231,"object_type":"structure","relational_id":15717,"identifier":"1.1","token":"13.1\/9\/1.1","url":"\/13.1\/9\/1.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12983,"edition_id":1,"name":"Virginia Stock Corporation Act","identifier":"9","label":"chapter","depth":2,"order_by":1,"parent_id":12744,"metadata":{},"date_created":"2026-06-26 03:44:06","date_modified":"2026-06-26 03:44:06","permalink":{"id":150163,"object_type":"structure","relational_id":12983,"identifier":"9","token":"13.1\/9","url":"\/13.1\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12744,"edition_id":1,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":147493,"object_type":"structure","relational_id":12744,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60239,"structure_id":15717,"section_number":"13.1-614.1","catch_line":"Definitions","url":"\/13.1-614.1\/","token":"13.1\/9\/1.1\/13.1-614.1","metadata":false},{"id":71566,"structure_id":15717,"section_number":"13.1-614.2","catch_line":"Defective corporate actions","url":"\/13.1-614.2\/","token":"13.1\/9\/1.1\/13.1-614.2","metadata":false},{"id":67483,"structure_id":15717,"section_number":"13.1-614.3","catch_line":"Ratification of defective corporate actions","url":"\/13.1-614.3\/","token":"13.1\/9\/1.1\/13.1-614.3","metadata":false},{"id":65190,"structure_id":15717,"section_number":"13.1-614.4","catch_line":"Action of ratification","url":"\/13.1-614.4\/","token":"13.1\/9\/1.1\/13.1-614.4","metadata":false},{"id":82085,"structure_id":15717,"section_number":"13.1-614.5","catch_line":"Notice","url":"\/13.1-614.5\/","token":"13.1\/9\/1.1\/13.1-614.5","metadata":false},{"id":85070,"structure_id":15717,"section_number":"13.1-614.6","catch_line":"Effect of ratification","url":"\/13.1-614.6\/","token":"13.1\/9\/1.1\/13.1-614.6","metadata":false},{"id":73598,"structure_id":15717,"section_number":"13.1-614.7","catch_line":"Filings","url":"\/13.1-614.7\/","token":"13.1\/9\/1.1\/13.1-614.7","metadata":false},{"id":73843,"structure_id":15717,"section_number":"13.1-614.8","catch_line":"Commission proceedings regarding validity of corporate actions","url":"\/13.1-614.8\/","token":"13.1\/9\/1.1\/13.1-614.8","metadata":false}],"previous_section":{"id":82085,"structure_id":15717,"section_number":"13.1-614.5","catch_line":"Notice","url":"\/13.1-614.5\/","token":"13.1\/9\/1.1\/13.1-614.5","metadata":false},"next_section":{"id":73598,"structure_id":15717,"section_number":"13.1-614.7","catch_line":"Filings","url":"\/13.1-614.7\/","token":"13.1\/9\/1.1\/13.1-614.7","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-614.6\/","history_text":"

This law was first created in 2019. The record of its establishment is cataloged in chapter 734<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":[{"id":67483,"section_number":"13.1-614.3","catch_line":"Ratification of defective corporate actions","order_by":null,"url":"\/13.1-614.3\/"},{"id":73843,"section_number":"13.1-614.8","catch_line":"Commission proceedings regarding validity of corporate actions","order_by":null,"url":"\/13.1-614.8\/"}],"permalink":{"id":150253,"object_type":"law","relational_id":85070,"identifier":"13.1-614.6","token":"13.1\/9\/1.1\/13.1-614.6","url":"\/13.1-614.6\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-614.6\/","token":"13.1\/9\/1.1\/13.1-614.6","dublin_core":{"Title":"Effect of ratification","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-614.6","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

From and after the validation effective time<\/span>, and without regard to the 120-day period during which a claim may be brought under \u00a7 13.1-614.8<\/a>:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Each defective corporate action<\/span> ratified in accordance with § 13.1-614.3<\/a> shall not be void or voidable as a result of the failure of authorization<\/span> identified in the action taken under subsection A or B of § 13.1-614.3<\/a> and shall be deemed a valid corporate action effective as of the date of the defective corporate action<\/span><\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The issuance of each putative share or fraction of a putative share purportedly issued pursuant to a defective corporate action<\/span> identified in the action taken under § 13.1-614.3<\/a> shall not be void or voidable, and each such putative share or fraction of a putative share shall be deemed to be an identical share or fraction of a valid share as of the time it was purportedly issued; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Any corporate action taken subsequent to the defective corporate action<\/span> ratified in accordance with this article in reliance on such defective corporate action<\/span> having been validly effected and any subsequent defective corporate action<\/span> resulting directly or indirectly from such original defective corporate action<\/span> shall be valid as of the time taken. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEFFECT OF RATIFICATION (\u00a7 13.1-614.6)\n\nFrom and after the validation effective time, and without regard to the 120-day\nperiod during which a claim may be brought under \u00a7 13.1-614.8:\n\n1. Each defective corporate action ratified in accordance with § 13.1-614.3\nshall not be void or voidable as a result of the failure of authorization\nidentified in the action taken under subsection A or B of § 13.1-614.3 and\nshall be deemed a valid corporate action effective as of the date of the\ndefective corporate action;\n\n2. The issuance of each putative share or fraction of a putative share\npurportedly issued pursuant to a defective corporate action identified in the\naction taken under § 13.1-614.3 shall not be void or voidable, and each\nsuch putative share or fraction of a putative share shall be deemed to be an\nidentical share or fraction of a valid share as of the time it was purportedly\nissued; and\n\n3. Any corporate action taken subsequent to the defective corporate action\nratified in accordance with this article in reliance on such defective corporate\naction having been validly effected and any subsequent defective corporate\naction resulting directly or indirectly from such original defective corporate\naction shall be valid as of the time taken.\n\nHISTORY: 2019, c. 734.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}