<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>68737</law_id><section_number>13.1-727.1</section_number><catch_line>Nonexclusivity</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="14">Affiliated Transactions</unit></structure><text>
						<section><p>Except as expressly provided in this article, the provisions of this article shall not limit actions that may be taken, or require the taking of any action, by the board of directors or <span class="dictionary">shareholders</span> with respect to any potential change in <span class="dictionary">control</span> of the <span class="dictionary">corporation</span>. With respect to any action or any failure to act by the board of directors, the provisions of &#xA7;&#xA0;<a class="law" title="General standards of conduct for director" href="/13.1-690/">13.1-690</a> shall apply. In determining the best <span class="dictionary">interests</span> of the <span class="dictionary">corporation</span>, a director may consider the possibility that those <span class="dictionary">interests</span> may best be served by the continued independence of the <span class="dictionary">corporation</span>.</p></section></text><history>1988, c. 442.</history><metadata></metadata></law>
