<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>346805</law_id><section_number>13.1-672.3</section_number><catch_line>Foreign corporations</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="44" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="12" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="10" identifier="8.1">Derivative Proceedings and Other Shareholder Actions</unit></structure><text>
						<section><p>Notwithstanding the provisions of &#xA7;&#xA7;&#xA0;<a class="law" title="Standing; condition precedent; stay of proceedings" href="/13.1-672.1/">13.1-672.1</a> and <a class="law" title="Dismissal" href="/13.1-672.4/">13.1-672.4</a>, in any <span class="dictionary">derivative proceeding</span> in the right of a <span class="dictionary">foreign corporation</span>, subject to the <span class="dictionary">court</span>&#x2019;s determination of whether the <span class="dictionary">courts</span> of the Commonwealth are a convenient forum for such a proceeding, the matters covered by this article shall be governed by the <span class="dictionary">laws</span> of the <span class="dictionary">jurisdiction of formation</span> of the <span class="dictionary">foreign corporation</span> except for matters covered by subsection C of &#xA7;&#xA0;<a class="law" title="Standing; condition precedent; stay of proceedings" href="/13.1-672.1/">13.1-672.1</a> and &#xA7;&#xA7;&#xA0;<a class="law" title="Discontinuance or settlement" href="/13.1-672.2/">13.1-672.2</a> and <a class="law" title="Payment of and security for expenses" href="/13.1-672.5/">13.1-672.5</a>.</p></section></text><history>1992, c. 802; 2005, c. 765; 2019, c. 734.</history><metadata><court_decisions><item key="0"><name>David Kirdassi v. Mitchell Scott White, DC</name><case_number>0164244</case_number><citation></citation><date>2025-03-25</date><url>https://www.courtlistener.com/opinion/10363455/david-kirdassi-v-mitchell-scott-white-dc/</url><abstract> .&#x202F;.&#x202F;. COURT OF APPEALS OF VIRGINIA .&#x202F;.&#x202F;. </abstract><court_html><abbr title="Court of Appeals">COA</abbr></court_html></item></court_decisions></metadata></law>
