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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>63596</law_id><section_number>13.1-712.1</section_number><catch_line>Abandonment of amendment or restatement of articles of incorporation</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="11">Amendment of Articles of Incorporation and Bylaws</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> After an amendment or restatement of the <span class="dictionary">articles of incorporation</span> has been adopted and approved as required by this article, and at any time before the certificate of amendment or restatement has become effective, the amendment or restatement of the <span class="dictionary">articles of incorporation</span> may be abandoned by the <span class="dictionary">corporation</span> without action by its <span class="dictionary">shareholders</span> in the manner determined by the board of directors. <a id="paragraph-231704" class="section-permalink" href="https://vacode.org/13.1-712.1/#A"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> If articles of amendment or restatement of the <span class="dictionary">articles of incorporation</span> are abandoned after they have been filed with the <span class="dictionary">Commission</span> but before the certificate of amendment or restatement of the <span class="dictionary">articles of incorporation</span> has become effective, a statement of abandonment shall be signed by the <span class="dictionary">corporation</span> and delivered to the <span class="dictionary">Commission</span> for filing prior to the effective time and date of the certificate of amendment or restatement of the <span class="dictionary">articles of incorporation</span>. If the <span class="dictionary">Commission</span> finds that the statement of abandonment complies with the requirements of <span class="dictionary">law</span>, it shall <span class="dictionary">issue</span> a certificate of abandonment, effective as of the date and time the statement of abandonment was received by the <span class="dictionary">Commission</span>, and the amendment or restatement of the <span class="dictionary">articles of incorporation</span> shall be deemed abandoned and shall not become effective. <a id="paragraph-231705" class="section-permalink" href="https://vacode.org/13.1-712.1/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> The statement of abandonment shall contain: <a id="paragraph-231706" class="section-permalink" href="https://vacode.org/13.1-712.1/#C"><i class="fa fa-link"/></a></p></section>
						<section id="C1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the <span class="dictionary">corporation</span>; <a id="paragraph-231707" class="section-permalink" href="https://vacode.org/13.1-712.1/#C1"><i class="fa fa-link"/></a></p></section>
						<section id="C2" class="indent-1"><p><span class="prefix-number">2.</span> The date on which the articles of amendment or restatement of the <span class="dictionary">articles of incorporation</span> were filed with the <span class="dictionary">Commission</span>; <a id="paragraph-231708" class="section-permalink" href="https://vacode.org/13.1-712.1/#C2"><i class="fa fa-link"/></a></p></section>
						<section id="C3" class="indent-1"><p><span class="prefix-number">3.</span> The date and time on which the <span class="dictionary">Commission</span>&#x2019;s certificate of amendment or restatement becomes effective; and <a id="paragraph-231709" class="section-permalink" href="https://vacode.org/13.1-712.1/#C3"><i class="fa fa-link"/></a></p></section>
						<section id="C4" class="indent-1"><p><span class="prefix-number">4.</span> A statement that the amendment or restatement of the <span class="dictionary">articles of incorporation</span> is being abandoned in accordance with this section. <a id="paragraph-231710" class="section-permalink" href="https://vacode.org/13.1-712.1/#C4"><i class="fa fa-link"/></a></p></section></text><history>2019, c. 734; 2020, c. 1226.</history><metadata></metadata></law>
