<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>346902</law_id><section_number>13.1-728.9</section_number><catch_line>Nonexclusivity</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="19" identifier="14.1">Control Share Acquisitions</unit></structure><text>
						<section><p>Except as expressly provided in this article, neither the provisions of this article nor their application to any acquiring <span class="dictionary">person</span> shall limit actions that may be taken, or require the taking of any action, by the board of directors or <span class="dictionary">shareholders</span> with respect to any potential changes in <span class="dictionary">control</span> of any <span class="dictionary">public corporation</span>. Regardless of the applicability of this article, in the case of any action taken or not taken by directors, the provisions of &#xA7;&#xA0;<a class="law" title="General standards of conduct for director" href="/13.1-690/">13.1-690</a> shall apply, and, in determining the best <span class="dictionary">interests</span> of the corporation, a director may consider the possibility that those <span class="dictionary">interests</span> may best be served by the continued independence of the corporation.</p></section></text><history>1989, c. 14; 2005, c. 765; 2019, c. 734.</history><metadata><court_decisions><item key="0"><name>WLR Foods, Inc. v. Tyson Foods, Inc.</name><case_number>Civ. A. 94-012-H</case_number><citation>869 F. Supp. 419</citation><date>1994-12-06</date><url>https://www.courtlistener.com/opinion/1496090/wlr-foods-inc-v-tyson-foods-inc/</url><abstract> .&#x202F;.&#x202F;. 869 F.Supp. 419 (1994) .&#x202F;.&#x202F;. </abstract><court_html>District Court, W.D. Virginia</court_html></item><item key="1"><name>WLR Foods, Inc. v. Tyson Foods, Inc.</name><case_number>Civ. A. 94-012-H</case_number><citation>857 F. Supp. 492</citation><date>1994-06-01</date><url>https://www.courtlistener.com/opinion/2008780/wlr-foods-inc-v-tyson-foods-inc/</url><abstract> .&#x202F;.&#x202F;. 857 F.Supp. 492 (1994) .&#x202F;.&#x202F;. </abstract><court_html>District Court, W.D. Virginia</court_html></item><item key="2"><name>WLR Foods, Inc. v. Tyson Foods, Inc.</name><case_number>Civ. A. 94-012-H</case_number><citation>857 F. Supp. 496</citation><date>1994-06-21</date><url>https://www.courtlistener.com/opinion/2008794/wlr-foods-inc-v-tyson-foods-inc/</url><abstract> .&#x202F;.&#x202F;. 857 F.Supp. 496 (1994) .&#x202F;.&#x202F;. </abstract><court_html>District Court, W.D. Virginia</court_html></item><item key="3"><name>WLR Foods, Inc. v. Tyson Foods, Inc.</name><case_number>No. 95-1039</case_number><citation>65 F.3d 1172</citation><date>1995-09-22</date><url>https://www.courtlistener.com/opinion/7033810/wlr-foods-inc-v-tyson-foods-inc/</url><abstract> .&#x202F;.&#x202F;. Affirmed by published opinion. Judge MURNAGHAN wrote the opinion, in which Chief Judge ERVIN and .&#x202F;.&#x202F;. </abstract><court_html>Court of Appeals for the Fourth Circuit</court_html></item></court_decisions></metadata></law>
