2006 Code of Virginia § 13.1-725.1 - Affiliated transactions
13.1-725.1. Affiliated transactions.
Notwithstanding any provision to the contrary contained in this chapter,except as provided in subsection B of 13.1-727, no corporation shall engagein any affiliated transaction with any interested shareholder for a period ofthree years following such interested shareholder's determination date unlessapproved by the affirmative vote of a majority (but not less than two) of thedisinterested directors and by the affirmative vote of the holders oftwo-thirds of the voting shares other than shares beneficially owned by theinterested shareholder. A corporation may engage in an affiliated transactionwith an interested shareholder beginning three years after such interestedshareholder's determination date, provided such transaction complies with theprovisions of 13.1-726.
(1988, c. 442.)
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