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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>61101</law_id><section_number>13.1-728.2</section_number><catch_line>Application</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="14.1">Control Share Acquisitions</unit></structure><text>
						<section><p>Unless, at the time of any <span class="dictionary">control share acquisition</span> with respect to a <span class="dictionary">public corporation</span>, such corporation&#x2019;s <span class="dictionary">articles of incorporation</span> or bylaws provide that this article does not apply to acquisitions of <span class="dictionary">shares</span> of such corporation, <span class="dictionary">shares</span> of such corporation acquired in such <span class="dictionary">control share acquisition</span> have only such voting rights as are conferred by &#xA7;&#xA0;<a class="law" title="Voting rights" href="/13.1-728.3/">13.1-728.3</a>. Unless by midnight of the fourth day following (i) the receipt by the <span class="dictionary">secretary</span> of the corporation at the <span class="dictionary">principal office</span> of the corporation, of a notice expressly and specifically describing a proposed <span class="dictionary">control share acquisition</span>, or (ii) in case the proposed <span class="dictionary">control share acquisition</span> is to be made by tender offer, a public announcement, the corporation&#x2019;s <span class="dictionary">articles of incorporation</span> or bylaws provide that this article does not apply, then the provisions of &#xA7;&#xA0;<a class="law" title="Voting rights" href="/13.1-728.3/">13.1-728.3</a> shall apply to <span class="dictionary">shares</span> to be acquired in such <span class="dictionary">control share acquisition</span>.</p></section></text><history>1989, c. 14; 1990, c. 252; 2005, c. 765.</history><metadata></metadata></law>
