                                 CODE OF VIRGINIA

FILING WITH THE COMMISSION PURSUANT TO REORGANIZATION (§ 13.1-804.1)

A. Notwithstanding anything to the contrary contained in &#xA7; 13.1-804,
13.1-819, 13.1-896, or 13.1-904, whenever, pursuant to any applicable statute of
the United States relating to reorganizations of corporations, a plan of
reorganization of a corporation has been confirmed by the decree or order of a
court of competent jurisdiction, the corporation may, without action by the
board of directors or members to carry out the plan of reorganization ordered or
decreed by such court of competent jurisdiction under federal statute, put into
effect and carry out the plan and decrees of the court relative thereto (i)
through an amendment or amendments to the corporation&#8217;s articles of
incorporation containing terms and conditions permitted by this Act, (ii)
through a plan of merger, or (iii) through dissolution.

B. The individual or individuals designated by the court shall file with the
Commission articles of amendment, merger, or dissolution, which, in addition to
the matters otherwise required or permitted by law to be set forth therein,
shall set forth:

   1. The name of the corporation;

   2. The text of each amendment, plan of merger, or dissolution approved by the
   court;

   3. The date of the court&#8217;s order or decree approving the articles of
   amendment, plan of merger, or dissolution;

   4. The title of the reorganization proceeding in which the order or decree was
   entered; and

   5. A statement that the court had jurisdiction of the proceeding under federal
   statute.

C. If the Commission finds that the articles of amendment, merger, or
dissolution comply with the requirements of law and that all required fees have
been paid, it shall issue a certificate of amendment, merger, or dissolution.

D. This section does not apply after entry of a final decree in the
reorganization proceeding even though the court retains jurisdiction of the
proceeding for limited purposes unrelated to consummation of the reorganization
plan.

HISTORY: 2007, c. 925.