<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>60731</law_id><section_number>13.1-728.9</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="14.1">Control Share Acquisitions</unit></structure><text>
						<section><p>Except as expressly provided in this article, neither the provisions of this article nor their application to any acquiring <span class="dictionary">person</span> shall 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 changes in <span class="dictionary">control</span> of any <span class="dictionary">public corporation</span>. Regardless of the applicability of this article, in the case of any action taken or not taken by 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, and, in determining the best <span class="dictionary">interests</span> of the corporation, a director may consider the possibility that those <span class="dictionary">interests</span> may best be served by the continued independence of the corporation.</p></section></text><history>1989, c. 14; 2005, c. 765; 2019, c. 734.</history><metadata></metadata></law>
