                                 CODE OF VIRGINIA

EFFECTIVE TIME AND DATE OF DOCUMENT (§ 13.1-606)

A. Except as otherwise provided in &#xA7; 13.1-607 and Article 1.1 (&#xA7;
13.1-614.1 et seq.), a certificate issued by the Commission is effective at the
time such certificate is issued, unless the certificate relates to articles
filed with the Commission and the articles state that the certificate shall
become effective at a later time or date specified in the articles. In that
event, the certificate shall become effective at the earlier of the time and
date so specified or 11:59 p.m. on the fifteenth day after the date on which the
certificate is issued by the Commission. If a delayed effective date is
specified, but no time is specified, the effective time shall be 12:01 a.m. on
the date specified. Any other document filed with the Commission shall be
effective when accepted for filing unless otherwise provided for in this
chapter.

B. Notwithstanding subsection A, any certificate that has a delayed effective
time or date shall not become effective if, prior to the effective time and
date, a statement of cancellation signed by each party to the articles to which
the certificate relates is delivered to the Commission for filing. If the
Commission finds that the statement of cancellation complies with the
requirements of law, it shall, by order, cancel the certificate.

C. A statement of cancellation shall contain:

   1. The name of the corporation;

   2. The name of the articles and the date on which the articles were filed with
   the Commission;

   3. The time and date on which the Commission&#8217;s certificate becomes
   effective; and

   4. A statement that the articles are being canceled in accordance with this
   section.

D. Notwithstanding subsection A, for purposes of &#xA7;&#xA7; 13.1-630 and
13.1-762, any certificate that has a delayed effective date shall be deemed to
be effective when the certificate is issued.

E. For articles with a delayed effective date and time, the effective date and
time shall be Eastern time.

HISTORY: 1985, c. 522; 2019, c. 734.