{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-726.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-726.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-726.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-726.html"}],"law_id":346891,"edition_id":2,"section_id":346891,"structure_id":49798,"section_number":"13.1-726","catch_line":"Voting requirements for affiliated transactions","history":"1985, c. 522; 1988, c. 442.","full_text":"Except as provided in \u00a7 13.1-727 and notwithstanding the provisions of subsection A of \u00a7 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.\n\n","order_by":null,"text":{"0":{"id":1294077,"text":"Except as provided in \u00a7 13.1-727 and notwithstanding the provisions of subsection A of \u00a7 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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":49798,"edition_id":2,"name":"Affiliated Transactions","identifier":"14","label":"article","depth":3,"order_by":13,"parent_id":49780,"metadata":{"child_laws":7,"child_structures":0},"date_created":"2026-08-02 02:15:37","date_modified":"2026-08-02 12:29:12","permalink":{"id":1377479,"object_type":"structure","relational_id":49798,"identifier":"14","token":"13.1\/9\/14","url":"\/13.1\/9\/14\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49780,"edition_id":2,"name":"Virginia Stock Corporation Act","identifier":"9","label":"chapter","depth":2,"order_by":12,"parent_id":49726,"metadata":{"child_laws":265,"child_structures":27},"date_created":"2026-08-02 02:14:54","date_modified":"2026-08-02 12:29:09","permalink":{"id":1377165,"object_type":"structure","relational_id":49780,"identifier":"9","token":"13.1\/9","url":"\/13.1\/9\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346889,"structure_id":49798,"section_number":"13.1-725","catch_line":"Definitions","url":"\/13.1-725\/","token":"13.1\/9\/14\/13.1-725","metadata":false},{"id":346888,"structure_id":49798,"section_number":"13.1-725.1","catch_line":"Affiliated transactions","url":"\/13.1-725.1\/","token":"13.1\/9\/14\/13.1-725.1","metadata":false},{"id":346891,"structure_id":49798,"section_number":"13.1-726","catch_line":"Voting requirements for affiliated transactions","url":"\/13.1-726\/","token":"13.1\/9\/14\/13.1-726","metadata":{"court_decisions":{"0":{"name":"DCG & T ex rel. Battaglia\/Ira v. Knight","case_number":"Civil Case No. 3:14-cv-067-JAG","citation":"68 F. Supp. 3d 579","date":"2014-12-18","url":"https:\/\/www.courtlistener.com\/opinion\/7310632\/dcg-t-ex-rel-battagliaira-v-knight\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"1":{"name":"WLR Foods, Inc. v. Tyson Foods, Inc.","case_number":"Civ. A. 94-012-H","citation":"861 F. Supp. 1277","date":"1994-08-09","url":"https:\/\/www.courtlistener.com\/opinion\/2261568\/wlr-foods-inc-v-tyson-foods-inc\/","abstract":" .\u202f.\u202f. 861 F.Supp. 1277 (1994) .\u202f.\u202f. ","court_html":"District Court, W.D. Virginia"},"2":{"name":"WLR Foods, Inc. v. Tyson Foods, Inc.","case_number":"No. 95-1039","citation":"65 F.3d 1172","date":"1995-09-22","url":"https:\/\/www.courtlistener.com\/opinion\/7033810\/wlr-foods-inc-v-tyson-foods-inc\/","abstract":" .\u202f.\u202f. Affirmed by published opinion. Judge MURNAGHAN wrote the opinion, in which Chief Judge ERVIN and .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"}}}},{"id":346890,"structure_id":49798,"section_number":"13.1-726.1","catch_line":"Determination by disinterested directors","url":"\/13.1-726.1\/","token":"13.1\/9\/14\/13.1-726.1","metadata":false},{"id":346893,"structure_id":49798,"section_number":"13.1-727","catch_line":"Exceptions","url":"\/13.1-727\/","token":"13.1\/9\/14\/13.1-727","metadata":{"court_decisions":{"0":{"name":"DCG & T ex rel. Battaglia\/Ira v. Knight","case_number":"Civil Case No. 3:14-cv-067-JAG","citation":"68 F. Supp. 3d 579","date":"2014-12-18","url":"https:\/\/www.courtlistener.com\/opinion\/7310632\/dcg-t-ex-rel-battagliaira-v-knight\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"1":{"name":"Berman v. Physical Medicine Associates, Ltd.","case_number":"99-1043","citation":"225 F.3d 429","date":"2000-08-23","url":"https:\/\/www.courtlistener.com\/opinion\/2967261\/berman-v-physical-medicine-associates-ltd\/","abstract":" .\u202f.\u202f. Affirmed by published opinion. Judge NIEMEYER wrote the opinion, in which Judge MICHAEL and Judge .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"2":{"name":" .\u202f.\u202f. William S. Berman, M.D. v. Physical Medicine Associates, .\u202f.\u202f. ","case_number":"99-1043","citation":"225 F.3d 429","date":"2000-08-23","url":"https:\/\/www.courtlistener.com\/opinion\/770274\/william-s-berman-md-v-physical-medicine-associates-limited\/","abstract":" .\u202f.\u202f. 225 F.3d 429 (4th Cir. 2000) .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"3":{"name":"WLR Foods, Inc. v. Tyson Foods, Inc.","case_number":"No. 95-1039","citation":"65 F.3d 1172","date":"1995-09-22","url":"https:\/\/www.courtlistener.com\/opinion\/7033810\/wlr-foods-inc-v-tyson-foods-inc\/","abstract":" .\u202f.\u202f. Affirmed by published opinion. Judge MURNAGHAN wrote the opinion, in which Chief Judge ERVIN and .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"}}}},{"id":346892,"structure_id":49798,"section_number":"13.1-727.1","catch_line":"Nonexclusivity","url":"\/13.1-727.1\/","token":"13.1\/9\/14\/13.1-727.1","metadata":{"court_decisions":{"0":{"name":"Berman v. Physical Medicine Associates, Ltd.","case_number":"99-1043","citation":"225 F.3d 429","date":"2000-08-23","url":"https:\/\/www.courtlistener.com\/opinion\/2967261\/berman-v-physical-medicine-associates-ltd\/","abstract":" .\u202f.\u202f. Affirmed by published opinion. Judge NIEMEYER wrote the opinion, in which Judge MICHAEL and Judge .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"1":{"name":" .\u202f.\u202f. William S. Berman, M.D. v. Physical Medicine Associates, .\u202f.\u202f. ","case_number":"99-1043","citation":"225 F.3d 429","date":"2000-08-23","url":"https:\/\/www.courtlistener.com\/opinion\/770274\/william-s-berman-md-v-physical-medicine-associates-limited\/","abstract":" .\u202f.\u202f. 225 F.3d 429 (4th Cir. 2000) .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"2":{"name":"WLR Foods, Inc. v. Tyson Foods, Inc.","case_number":"No. 95-1039","citation":"65 F.3d 1172","date":"1995-09-22","url":"https:\/\/www.courtlistener.com\/opinion\/7033810\/wlr-foods-inc-v-tyson-foods-inc\/","abstract":" .\u202f.\u202f. Affirmed by published opinion. Judge MURNAGHAN wrote the opinion, in which Chief Judge ERVIN and .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"}}}},{"id":346903,"structure_id":49798,"section_number":"13.1-728","catch_line":"Repealed","url":"\/13.1-728\/","token":"13.1\/9\/14\/13.1-728","metadata":false}],"previous_section":{"id":346888,"structure_id":49798,"section_number":"13.1-725.1","catch_line":"Affiliated transactions","url":"\/13.1-725.1\/","token":"13.1\/9\/14\/13.1-725.1","metadata":false},"next_section":{"id":346890,"structure_id":49798,"section_number":"13.1-726.1","catch_line":"Determination by disinterested directors","url":"\/13.1-726.1\/","token":"13.1\/9\/14\/13.1-726.1","metadata":false},"metadata":{"court_decisions":{"0":{"name":"DCG & T ex rel. Battaglia\/Ira v. Knight","case_number":"Civil Case No. 3:14-cv-067-JAG","citation":"68 F. Supp. 3d 579","date":"2014-12-18","url":"https:\/\/www.courtlistener.com\/opinion\/7310632\/dcg-t-ex-rel-battagliaira-v-knight\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"1":{"name":"WLR Foods, Inc. v. Tyson Foods, Inc.","case_number":"Civ. A. 94-012-H","citation":"861 F. Supp. 1277","date":"1994-08-09","url":"https:\/\/www.courtlistener.com\/opinion\/2261568\/wlr-foods-inc-v-tyson-foods-inc\/","abstract":" .\u202f.\u202f. 861 F.Supp. 1277 (1994) .\u202f.\u202f. ","court_html":"District Court, W.D. Virginia"},"2":{"name":"WLR Foods, Inc. v. Tyson Foods, Inc.","case_number":"No. 95-1039","citation":"65 F.3d 1172","date":"1995-09-22","url":"https:\/\/www.courtlistener.com\/opinion\/7033810\/wlr-foods-inc-v-tyson-foods-inc\/","abstract":" .\u202f.\u202f. Affirmed by published opinion. Judge MURNAGHAN wrote the opinion, in which Chief Judge ERVIN and .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"}}},"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/13.1-726\/","history_text":"<p>This law was first created in 1985. The record of its establishment is cataloged in chapter 522 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1988, chapter 442.<\/p>","references":[{"id":346888,"section_number":"13.1-725.1","catch_line":"Affiliated transactions","order_by":null,"url":"\/13.1-725.1\/"},{"id":346893,"section_number":"13.1-727","catch_line":"Exceptions","order_by":null,"url":"\/13.1-727\/"}],"refers_to":[{"id":346764,"section_number":"13.1-638","catch_line":"Authorized shares","order_by":null,"url":"\/13.1-638\/"},{"id":346893,"section_number":"13.1-727","catch_line":"Exceptions","order_by":null,"url":"\/13.1-727\/"}],"permalink":{"id":1377489,"object_type":"law","relational_id":346891,"identifier":"13.1-726","token":"13.1\/9\/14\/13.1-726","url":"\/13.1-726\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-726\/","token":"13.1\/9\/14\/13.1-726","dublin_core":{"Title":"Voting requirements for affiliated transactions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-726","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Except as provided in \u00a7&nbsp;<a class=\"law\" title=\"Exceptions\" href=\"\/13.1-727\/\">13.1-727<\/a> and notwithstanding the provisions of subsection A of \u00a7&nbsp;<a class=\"law\" title=\"Authorized shares\" href=\"\/13.1-638\/\">13.1-638<\/a>, in addition to any affirmative vote required by any other section of this Act or by the <span class=\"dictionary\">articles of incorporation<\/span>, an <span class=\"dictionary\">affiliated transaction<\/span> shall be approved by the affirmative vote of the holders of two-thirds of the <span class=\"dictionary\">voting shares<\/span> other than shares beneficially owned by the <span class=\"dictionary\">interested shareholder<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nVOTING REQUIREMENTS FOR AFFILIATED TRANSACTIONS (\u00a7 13.1-726)\n\nExcept as provided in \u00a7 13.1-727 and notwithstanding the provisions of\nsubsection A of \u00a7 13.1-638, in addition to any affirmative vote required by any\nother section of this Act or by the articles of incorporation, an affiliated\ntransaction shall be approved by the affirmative vote of the holders of\ntwo-thirds of the voting shares other than shares beneficially owned by the\ninterested shareholder.\n\nHISTORY: 1985, c. 522; 1988, c. 442.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}