                                 CODE OF VIRGINIA

VOTING REQUIREMENTS FOR AFFILIATED TRANSACTIONS (§ 13.1-726)

Except as provided in § 13.1-727 and notwithstanding the provisions of
subsection A of § 13.1-638, in addition to any affirmative vote required by any
other section of this Act or by the articles of incorporation, an affiliated
transaction shall be approved by the affirmative vote of the holders of
two-thirds of the voting shares other than shares beneficially owned by the
interested shareholder.

HISTORY: 1985, c. 522; 1988, c. 442.