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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>73598</law_id><section_number>13.1-614.7</section_number><catch_line>Filings</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-614.1</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="1.1">Ratification of Defective Corporate Actions</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> After a <span class="dictionary">defective corporate action</span> is ratified under this article for a <span class="dictionary">document</span> required by this chapter to be filed with the <span class="dictionary">Commission</span>, the <span class="dictionary">corporation</span> shall <span class="dictionary">deliver</span> to the <span class="dictionary">Commission</span> for filing: <a id="paragraph-264728" class="section-permalink" href="https://vacode.org/13.1-614.7/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> If a filing with the <span class="dictionary">Commission</span> was previously made with respect to such <span class="dictionary">defective corporate action</span> and the <span class="dictionary">Commission</span> issued with respect thereto a certificate, the articles of ratification, which may serve to <span class="dictionary">amend</span> or substitute for the filing previously made; or <a id="paragraph-264729" class="section-permalink" href="https://vacode.org/13.1-614.7/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> If no filing with the <span class="dictionary">Commission</span> was previously made with respect to such <span class="dictionary">defective corporate action</span>, the articles required by this chapter. <a id="paragraph-264730" class="section-permalink" href="https://vacode.org/13.1-614.7/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> The <span class="dictionary">document</span> required by subsection A shall set forth: <a id="paragraph-264731" class="section-permalink" href="https://vacode.org/13.1-614.7/#B"><i class="fa fa-link"/></a></p></section>
						<section id="B1" class="indent-1"><p><span class="prefix-number">1.</span> The <span class="dictionary">defective corporate action</span> that is the subject of the <span class="dictionary">document</span>, including, in the case of any <span class="dictionary">defective corporate action</span> involving the issuance of <span class="dictionary">putative shares</span>, the number and type of <span class="dictionary">putative shares</span> issued and the date or dates upon which such <span class="dictionary">putative shares</span> were purported to have been issued; <a id="paragraph-264732" class="section-permalink" href="https://vacode.org/13.1-614.7/#B1"><i class="fa fa-link"/></a></p></section>
						<section id="B2" class="indent-1"><p><span class="prefix-number">2.</span> The <span class="dictionary">date of the <span class="dictionary">defective corporate action</span></span>; <a id="paragraph-264733" class="section-permalink" href="https://vacode.org/13.1-614.7/#B2"><i class="fa fa-link"/></a></p></section>
						<section id="B3" class="indent-1"><p><span class="prefix-number">3.</span> The nature of the <span class="dictionary">failure of authorization</span> in respect of the <span class="dictionary">defective corporate action</span>; <a id="paragraph-264734" class="section-permalink" href="https://vacode.org/13.1-614.7/#B3"><i class="fa fa-link"/></a></p></section>
						<section id="B4" class="indent-1"><p><span class="prefix-number">4.</span> A statement that the <span class="dictionary">defective corporate action</span> was ratified in accordance with &#xA7; <a class="law" title="Ratification of defective corporate actions" href="/13.1-614.3/">13.1-614.3</a>, including the date on which the board of directors ratified such <span class="dictionary">defective corporate action</span> and the date, if any, on which the <span class="dictionary">shareholders</span> approved the ratification of such <span class="dictionary">defective corporate action</span>; and <a id="paragraph-264735" class="section-permalink" href="https://vacode.org/13.1-614.7/#B4"><i class="fa fa-link"/></a></p></section>
						<section id="B5" class="indent-1"><p><span class="prefix-number">5.</span> The information required by subsection C. <a id="paragraph-264736" class="section-permalink" href="https://vacode.org/13.1-614.7/#B5"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The <span class="dictionary">document</span> required by subsection A shall also contain the following information: <a id="paragraph-264737" class="section-permalink" href="https://vacode.org/13.1-614.7/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> If a filing with the <span class="dictionary">Commission</span> was previously made in respect of the <span class="dictionary">defective corporate action</span> and no changes to such filing are required to give effect to the ratification of such <span class="dictionary">defective corporate action</span> in accordance with &#xA7; <a class="law" title="Ratification of defective corporate actions" href="/13.1-614.3/">13.1-614.3</a>, the filed <span class="dictionary">document</span> shall set forth (i) the name, title and filing date of the filing previously made and any articles of correction to that filing and (ii) a statement that a copy of the filing previously made, together with any articles of correction to that filing, is attached as an exhibit; <a id="paragraph-264738" class="section-permalink" href="https://vacode.org/13.1-614.7/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> If a filing with the <span class="dictionary">Commission</span> was previously made in respect of the <span class="dictionary">defective corporate action</span> and such filing requires any change to give effect to the ratification of such <span class="dictionary">defective corporate action</span> in accordance with &#xA7; <a class="law" title="Ratification of defective corporate actions" href="/13.1-614.3/">13.1-614.3</a>, the <span class="dictionary">document</span> shall set forth (i) the name, title, and filing date of the filing previously made and any articles of correction to that filing, (ii) a statement that a filing containing all of the information required to be included under the applicable section or sections of this chapter to give effect to such <span class="dictionary">defective corporate action</span> is attached as an exhibit, and (iii) the date and time that the <span class="dictionary">document</span> is deemed to have become effective; or <a id="paragraph-264739" class="section-permalink" href="https://vacode.org/13.1-614.7/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> If a filing with the <span class="dictionary">Commission</span> was not previously made in respect of the <span class="dictionary">defective corporate action</span> and the <span class="dictionary">defective corporate action</span> ratified under &#xA7; <a class="law" title="Ratification of defective corporate actions" href="/13.1-614.3/">13.1-614.3</a> would have required a filing under any other section of this chapter, the <span class="dictionary">document</span> shall set forth (i) all of the information required to be included under the applicable section or sections of this chapter to give effect to such <span class="dictionary">defective corporate action</span> and (ii) the date and time that the <span class="dictionary">document</span> is deemed to have become effective. <a id="paragraph-264740" class="section-permalink" href="https://vacode.org/13.1-614.7/#C3"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> If the <span class="dictionary">Commission</span> finds that the <span class="dictionary">document</span> required by subsection A complies with the requirements of <span class="dictionary">law</span> and that all required fees have been paid, it shall <span class="dictionary">issue</span> a certificate of ratification of <span class="dictionary">defective corporate action</span> or the certificate required by this chapter for the articles that were filed. <a id="paragraph-264741" class="section-permalink" href="https://vacode.org/13.1-614.7/#D"><i class="fa fa-link"/></a></p></section></text><history>2019, c. 734; 2020, c. 1226.</history><metadata></metadata></law>
