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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>71945</law_id><section_number>13.1-725.1</section_number><catch_line>Affiliated transactions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-719.1</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="14">Affiliated Transactions</unit></structure><text>
						<section><p>Notwithstanding any provision to the contrary contained in this chapter, except as provided in subsection B of &#xA7;&#xA0;<a class="law" title="Exceptions" href="/13.1-727/">13.1-727</a>, no <span class="dictionary">corporation</span> shall engage in any <span class="dictionary">affiliated transaction</span> with any <span class="dictionary">interested shareholder</span> for a period of three years following such <span class="dictionary">interested shareholder</span>&#x2019;s <span class="dictionary">determination date</span> unless approved by the affirmative vote of a majority (but not less than two) of the <span class="dictionary">disinterested directors</span> and by the affirmative vote of the holders of two-thirds of the <span class="dictionary">voting shares</span> other than shares beneficially owned by the <span class="dictionary">interested shareholder</span>. A <span class="dictionary">corporation</span> may engage in an <span class="dictionary">affiliated transaction</span> with an <span class="dictionary">interested shareholder</span> beginning three years after such <span class="dictionary">interested shareholder</span>&#x2019;s <span class="dictionary">determination date</span>, provided such transaction complies with the provisions of &#xA7;&#xA0;<a class="law" title="Voting requirements for affiliated transactions" href="/13.1-726/">13.1-726</a>.</p></section></text><history>1988, c. 442.</history><metadata></metadata></law>
