{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/13.1-672.3.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/13.1-672.3.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/13.1-672.3.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/13.1-672.3.html"}],"law_id":75549,"edition_id":1,"section_id":75549,"structure_id":13262,"section_number":"13.1-672.3","catch_line":"Foreign corporations","history":"1992, c. 802; 2005, c. 765; 2019, c. 734.","full_text":"Notwithstanding the provisions of \u00a7\u00a7 13.1-672.1 and 13.1-672.4, in any derivative proceeding in the right of a foreign corporation, subject to the court’s determination of whether the courts of the Commonwealth are a convenient forum for such a proceeding, the matters covered by this article shall be governed by the laws of the jurisdiction of formation of the foreign corporation except for matters covered by subsection C of \u00a7 13.1-672.1 and \u00a7\u00a7 13.1-672.2 and 13.1-672.5.","order_by":null,"text":{"0":{"id":271408,"text":"Notwithstanding the provisions of \u00a7\u00a7 13.1-672.1 and 13.1-672.4, in any derivative proceeding in the right of a foreign corporation, subject to the court’s determination of whether the courts of the Commonwealth are a convenient forum for such a proceeding, the matters covered by this article shall be governed by the laws of the jurisdiction of formation of the foreign corporation except for matters covered by subsection C of \u00a7 13.1-672.1 and \u00a7\u00a7 13.1-672.2 and 13.1-672.5.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13262,"edition_id":1,"name":"Derivative Proceedings and Other Shareholder Actions","identifier":"8.1","label":"article","depth":3,"order_by":1,"parent_id":12983,"metadata":{},"date_created":"2026-06-26 03:44:32","date_modified":"2026-06-26 03:44:32","permalink":{"id":151139,"object_type":"structure","relational_id":13262,"identifier":"8.1","token":"13.1\/9\/8.1","url":"\/13.1\/9\/8.1\/","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":54967,"structure_id":13262,"section_number":"13.1-672.1","catch_line":"Standing; condition precedent; stay of proceedings","url":"\/13.1-672.1\/","token":"13.1\/9\/8.1\/13.1-672.1","metadata":false},{"id":83444,"structure_id":13262,"section_number":"13.1-672.2","catch_line":"Discontinuance or settlement","url":"\/13.1-672.2\/","token":"13.1\/9\/8.1\/13.1-672.2","metadata":false},{"id":75549,"structure_id":13262,"section_number":"13.1-672.3","catch_line":"Foreign corporations","url":"\/13.1-672.3\/","token":"13.1\/9\/8.1\/13.1-672.3","metadata":false},{"id":78141,"structure_id":13262,"section_number":"13.1-672.4","catch_line":"Dismissal","url":"\/13.1-672.4\/","token":"13.1\/9\/8.1\/13.1-672.4","metadata":false},{"id":54261,"structure_id":13262,"section_number":"13.1-672.5","catch_line":"Payment of and security for expenses","url":"\/13.1-672.5\/","token":"13.1\/9\/8.1\/13.1-672.5","metadata":false},{"id":73185,"structure_id":13262,"section_number":"13.1-672.6","catch_line":"Shareholder action to appoint a custodian or receiver for a public corporation","url":"\/13.1-672.6\/","token":"13.1\/9\/8.1\/13.1-672.6","metadata":false},{"id":69015,"structure_id":13262,"section_number":"13.1-672.7","catch_line":"Shareholder defined","url":"\/13.1-672.7\/","token":"13.1\/9\/8.1\/13.1-672.7","metadata":false}],"previous_section":{"id":83444,"structure_id":13262,"section_number":"13.1-672.2","catch_line":"Discontinuance or settlement","url":"\/13.1-672.2\/","token":"13.1\/9\/8.1\/13.1-672.2","metadata":false},"next_section":{"id":78141,"structure_id":13262,"section_number":"13.1-672.4","catch_line":"Dismissal","url":"\/13.1-672.4\/","token":"13.1\/9\/8.1\/13.1-672.4","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-672.3\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 802 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. Unfortunately, the 1992 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2005, chapter 765<\/a>; in 2019, chapter 734<\/a>.<\/p>","references":false,"refers_to":[{"id":54967,"section_number":"13.1-672.1","catch_line":"Standing; condition precedent; stay of proceedings","order_by":null,"url":"\/13.1-672.1\/"},{"id":83444,"section_number":"13.1-672.2","catch_line":"Discontinuance or settlement","order_by":null,"url":"\/13.1-672.2\/"},{"id":78141,"section_number":"13.1-672.4","catch_line":"Dismissal","order_by":null,"url":"\/13.1-672.4\/"},{"id":54261,"section_number":"13.1-672.5","catch_line":"Payment of and security for expenses","order_by":null,"url":"\/13.1-672.5\/"}],"permalink":{"id":151149,"object_type":"law","relational_id":75549,"identifier":"13.1-672.3","token":"13.1\/9\/8.1\/13.1-672.3","url":"\/13.1-672.3\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/13.1-672.3\/","token":"13.1\/9\/8.1\/13.1-672.3","dublin_core":{"Title":"Foreign corporations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-672.3","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Notwithstanding the provisions of \u00a7\u00a7 13.1-672.1<\/a> and 13.1-672.4<\/a>, in any derivative proceeding<\/span> in the right of a foreign corporation<\/span>, subject to the court<\/span>’s determination of whether the courts<\/span> of the Commonwealth are a convenient forum for such a proceeding, the matters covered by this article shall be governed by the laws<\/span> of the jurisdiction of formation<\/span> of the foreign corporation<\/span> except for matters covered by subsection C of \u00a7 13.1-672.1<\/a> and \u00a7\u00a7 13.1-672.2<\/a> and 13.1-672.5<\/a>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFOREIGN CORPORATIONS (\u00a7 13.1-672.3)\n\nNotwithstanding the provisions of \u00a7\u00a7 13.1-672.1 and 13.1-672.4, in any\nderivative proceeding in the right of a foreign corporation, subject to the\ncourt’s determination of whether the courts of the Commonwealth are a\nconvenient forum for such a proceeding, the matters covered by this article\nshall be governed by the laws of the jurisdiction of formation of the foreign\ncorporation except for matters covered by subsection C of \u00a7 13.1-672.1 and \u00a7\u00a7\n13.1-672.2 and 13.1-672.5.\n\nHISTORY: 1992, c. 802; 2005, c. 765; 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}}