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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>66358</law_id><section_number>13.1-614</section_number><catch_line>Hearing and finality of Commission action; injunctions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-741.1</reference><reference>13.1-995</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">General Provisions</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> The <span class="dictionary">Commission</span> shall have no power to grant a <span class="dictionary">hearing</span> with respect to any certificate issued by the <span class="dictionary">Commission</span> with respect to any articles filed with the <span class="dictionary">Commission</span> except on a <span class="dictionary">petition</span> by a <span class="dictionary">shareholder</span> filed with the <span class="dictionary">Commission</span> and delivered to the <span class="dictionary">corporation</span> within 30 days after the effective date of the certificate, in which the <span class="dictionary">shareholder</span> asserts that the certification of corporate action contained in the articles contains a misstatement of a <span class="dictionary">material</span> <span class="dictionary">fact</span> as to compliance with statutory requirements, specifying the particulars thereof. After <span class="dictionary">hearing</span>, on notice in <span class="dictionary">writing</span> to the <span class="dictionary">corporation</span> and the <span class="dictionary">shareholder</span>, the <span class="dictionary">Commission</span> shall determine the <span class="dictionary">issues</span> and revoke or refuse to revoke its <span class="dictionary">order</span> accordingly. <a id="paragraph-240903" class="section-permalink" href="https://vacode.org/13.1-614/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> No <span class="dictionary">court</span> in or outside of the Commonwealth shall have <span class="dictionary">jurisdiction</span> to enjoin or delay the holding of any meeting of directors or <span class="dictionary">shareholders</span> for the purpose of authorizing or consummating any amendment, correction, <span class="dictionary">merger</span>, <span class="dictionary">share exchange</span>, domestication, conversion, dissolution, or termination of corporate existence or the execution or filing with the <span class="dictionary">Commission</span> of any articles or other <span class="dictionary">documents</span> for such purpose, except pursuant to subsection C of &#xA7; <a class="law" title="Shareholders' list for meeting" href="/13.1-661/">13.1-661</a> or for <span class="dictionary">fraud</span>. No <span class="dictionary">court</span> in or outside of the Commonwealth, except the Supreme <span class="dictionary">Court</span> by way of <span class="dictionary">appeal</span> as authorized by <span class="dictionary">law</span>, shall have <span class="dictionary">jurisdiction</span> to review, <span class="dictionary">reverse</span>, correct, or annul any action of the <span class="dictionary">Commission</span>, within the scope of its authority, with regard to any articles, certificate, <span class="dictionary">order</span>, objection, or <span class="dictionary">petition</span>, or to suspend or delay the execution or operation thereof, or to enjoin, restrain, or interfere with the <span class="dictionary">Commission</span> in the performance of its official duties. <a id="paragraph-240904" class="section-permalink" href="https://vacode.org/13.1-614/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> Notwithstanding any provision of subsection A to the contrary, the <span class="dictionary">Commission</span> shall have the power to act upon articles of correction filed by the <span class="dictionary">corporation</span> pursuant to &#xA7; <a class="law" title="Correcting filed articles" href="/13.1-607/">13.1-607</a> or upon a <span class="dictionary">petition</span> filed by a <span class="dictionary">corporation</span> at any time to correct <span class="dictionary">Commission</span> records so as to eliminate the effects of clerical errors and of filings made by a <span class="dictionary">person</span> or <span class="dictionary">persons</span> without authority to act for the <span class="dictionary">corporation</span>, or on the <span class="dictionary">Commission</span>&#x2019;s own <span class="dictionary">motion</span> to correct <span class="dictionary">Commission</span> records so as to eliminate the effects of clerical errors committed by its staff. <a id="paragraph-240905" class="section-permalink" href="https://vacode.org/13.1-614/#C"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 13.1-125; 1956, c. 428; 1975, c. 500; 1985, c. 522; 2005, c. 765; 2008, c. 91; 2010, c. 782; 2015, c. 623; 2019, c. 734; 2023, cc. 529, 530.</history><metadata></metadata></law>
