78431413.1-629Virginia Decodedhttps://vacode.org2016CorporationsVirginia Stock Corporation ActPurposes And PowersUltra viresCode 1950, § 13.1-5; 1956, c. 428; 1985, c. 522. . . . Bankr. L. Rep. P 75,292 in Re Lloyd C. March, Jr., Debtor. . . . 92-1691995 F.2d 321993-06-01https://www.courtlistener.com/opinion/608162/bankr-l-rep-p-75292-in-re-lloyd-c-march-jr-debtor-coastal-virginia/Court of Appeals for the Fourth CircuitIn Re Franklin Equipment Co.08-74473-SCS416 B.R. 4832009-09-14https://www.courtlistener.com/opinion/1879403/in-re-franklin-equipment-co/ . . . ; Va.Code Ann. § 13.1-629(A). However, subsection (B)(2) of Virginia Code § 13.1-629 states that . . . United States Bankruptcy Court, E.D. Virginiahttp://law.lis.virginia.gov/vacode/13.1-629//13.1-629/13.1/9/4/13.1-62913.1-995Except as provided in subsection B of this section, corporate action may not be challenged on the ground that the corporation lacks or lacked power to act.sectionAA1 In a proceeding by a shareholder against the corporation to enjoin the act;sectionB1B12 In a proceeding by the corporation, directly, derivatively, or through a receiver, trustee, or other legal representative, against an incumbent or former director, officer, employee, or agent of the corporation; orsectionB2B22 In a proceeding against a corporation before the Commission.sectionB3B32