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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74820</law_id><section_number>13.1-722.6</section_number><catch_line>Amendment of plan of domestication; abandonment</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="12.1">Mergers and Share Exchanges</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> A plan of <span class="dictionary">domestication</span> of a <span class="dictionary">domestic corporation</span> may be amended: <a id="paragraph-268832" class="section-permalink" href="https://vacode.org/13.1-722.6/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> In the same manner as the plan was approved, if the plan does not provide for the manner in which it may be amended; or <a id="paragraph-268833" class="section-permalink" href="https://vacode.org/13.1-722.6/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> In the manner provided in the plan, except that a <span class="dictionary">shareholder</span> that was entitled to vote on or consent to approval of the plan is entitled to vote on or consent to any amendment of the plan that will change:
				a. The amount or kind of <span class="dictionary">shares</span> or other securities, obligations, rights to acquire <span class="dictionary">shares</span> or other securities, cash, other property, or any combination of the foregoing, to be received by any of the <span class="dictionary">shareholders</span> of the <span class="dictionary">domesticating corporation</span> under the plan;
				b. The <span class="dictionary">articles of incorporation</span> or bylaws of the <span class="dictionary">domesticated corporation</span> that will be in effect immediately after the <span class="dictionary">domestication</span> becomes effective, except for changes that do not require approval of the <span class="dictionary">shareholders</span> of the <span class="dictionary">domesticated corporation</span> under its <span class="dictionary">organic law</span> or its proposed article of incorporation or bylaws as set forth in the plan; or
				c. Any of the other terms or conditions of the plan, if the change would adversely affect the <span class="dictionary">shareholder</span> in any <span class="dictionary">material</span> respect. <a id="paragraph-268834" class="section-permalink" href="https://vacode.org/13.1-722.6/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Unless otherwise provided in the plan of <span class="dictionary">domestication</span>, after a plan of <span class="dictionary">domestication</span> has been adopted and approved by a <span class="dictionary">domestic corporation</span> as required by this article, and at any time before the certificate of <span class="dictionary">domestication</span> has become effective, the plan may be abandoned by the corporation without action by its <span class="dictionary">shareholders</span> in accordance with any procedures set forth in the plan or, if no such procedures are set forth in the plan, in the manner determined by the board of directors. <a id="paragraph-268835" class="section-permalink" href="https://vacode.org/13.1-722.6/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> A <span class="dictionary">domesticating corporation</span> that is a <span class="dictionary">foreign corporation</span> may abandon its <span class="dictionary">domestication</span> to a <span class="dictionary">domestic corporation</span> in the manner prescribed by its <span class="dictionary">organic law</span>. <a id="paragraph-268836" class="section-permalink" href="https://vacode.org/13.1-722.6/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> If a <span class="dictionary">domestication</span> is abandoned after the articles of <span class="dictionary">domestication</span> have been filed with the <span class="dictionary">Commission</span> but before the certificate of <span class="dictionary">domestication</span> has become effective, a statement of abandonment signed by the <span class="dictionary">domesticating corporation</span> shall be delivered to the <span class="dictionary">Commission</span> for filing prior to the effective time and date of the certificate of <span class="dictionary">domestication</span>. If the <span class="dictionary">Commission</span> finds that the statement of abandonment complies with the requirements of law, 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 <span class="dictionary">domestication</span> shall be deemed abandoned and shall not become effective. <a id="paragraph-268837" class="section-permalink" href="https://vacode.org/13.1-722.6/#D"><i class="fa fa-link"/></a></p></section>
						<section id="E"><p><span class="prefix-number">E.</span> The statement of abandonment shall contain: <a id="paragraph-268838" class="section-permalink" href="https://vacode.org/13.1-722.6/#E"><i class="fa fa-link"/></a></p></section>
						<section id="E1" class="indent-1"><p><span class="prefix-number">1.</span> The name of the <span class="dictionary">domesticating corporation</span> and its <span class="dictionary">jurisdiction of formation</span>; <a id="paragraph-268839" class="section-permalink" href="https://vacode.org/13.1-722.6/#E1"><i class="fa fa-link"/></a></p></section>
						<section id="E2" class="indent-1"><p><span class="prefix-number">2.</span> When the <span class="dictionary">domesticating corporation</span> is a <span class="dictionary">foreign corporation</span>, the name of the <span class="dictionary">domesticated corporation</span> set forth in the articles of <span class="dictionary">domestication</span>; <a id="paragraph-268840" class="section-permalink" href="https://vacode.org/13.1-722.6/#E2"><i class="fa fa-link"/></a></p></section>
						<section id="E3" class="indent-1"><p><span class="prefix-number">3.</span> The date on which the articles of <span class="dictionary">domestication</span> were filed with the <span class="dictionary">Commission</span>; <a id="paragraph-268841" class="section-permalink" href="https://vacode.org/13.1-722.6/#E3"><i class="fa fa-link"/></a></p></section>
						<section id="E4" class="indent-1"><p><span class="prefix-number">4.</span> The date and time on which the <span class="dictionary">Commission</span>&#x2019;s certificate of <span class="dictionary">domestication</span> becomes effective; and <a id="paragraph-268842" class="section-permalink" href="https://vacode.org/13.1-722.6/#E4"><i class="fa fa-link"/></a></p></section>
						<section id="E5" class="indent-1"><p><span class="prefix-number">5.</span> A statement that the <span class="dictionary">domestication</span> is being abandoned in accordance with this section or, when the <span class="dictionary">domesticating corporation</span> is a <span class="dictionary">foreign corporation</span>, a statement that the <span class="dictionary">foreign corporation</span> abandoned the <span class="dictionary">domestication</span> as required by its <span class="dictionary">organic law</span>. <a id="paragraph-268843" class="section-permalink" href="https://vacode.org/13.1-722.6/#E5"><i class="fa fa-link"/></a></p></section></text><history>2001, c. 545; 2002, c. 1; 2019, c. 734; 2021, Sp. Sess. I, c. 487.</history><metadata></metadata></law>
