<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>58410</law_id><section_number>13.1-726</section_number><catch_line>Voting requirements for affiliated transactions</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>13.1-725.1</reference><reference>13.1-727</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>Except as provided in &#xA7;&#xA0;<a class="law" title="Exceptions" href="/13.1-727/">13.1-727</a> and notwithstanding the provisions of subsection A of &#xA7;&#xA0;<a class="law" title="Authorized shares" href="/13.1-638/">13.1-638</a>, in addition to any affirmative vote required by any other section of this Act or by the <span class="dictionary">articles of incorporation</span>, an <span class="dictionary">affiliated transaction</span> shall be approved 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>.</p></section></text><history>1985, c. 522; 1988, c. 442.</history><metadata></metadata></law>
