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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>75549</law_id><section_number>13.1-672.3</section_number><catch_line>Foreign corporations</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><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="8.1">Derivative Proceedings and Other Shareholder Actions</unit></structure><text>
						<section><p>Notwithstanding the provisions of &#xA7;&#xA7;&#xA0;<a class="law" title="Standing; condition precedent; stay of proceedings" href="/13.1-672.1/">13.1-672.1</a> and <a class="law" title="Dismissal" href="/13.1-672.4/">13.1-672.4</a>, in any <span class="dictionary">derivative proceeding</span> in the right of a <span class="dictionary">foreign corporation</span>, subject to the <span class="dictionary">court</span>&#x2019;s determination of whether the <span class="dictionary">courts</span> of the Commonwealth are a convenient forum for such a proceeding, the matters covered by this article shall be governed by the <span class="dictionary">laws</span> of the <span class="dictionary">jurisdiction of formation</span> of the <span class="dictionary">foreign corporation</span> except for matters covered by subsection C of &#xA7;&#xA0;<a class="law" title="Standing; condition precedent; stay of proceedings" href="/13.1-672.1/">13.1-672.1</a> and &#xA7;&#xA7;&#xA0;<a class="law" title="Discontinuance or settlement" href="/13.1-672.2/">13.1-672.2</a> and <a class="law" title="Payment of and security for expenses" href="/13.1-672.5/">13.1-672.5</a>.</p></section></text><history>1992, c. 802; 2005, c. 765; 2019, c. 734.</history><metadata></metadata></law>
