Virginia Code

Va. Code Ann. § 13.1-672.3 (2026)

Foreign corporations

✓ laws through the 2026 session (checked Sept. 2026)
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Notwithstanding the provisions of §§ 13.1-672.1 and 13.1-672.4, in any derivative proceeding in the right of a foreign corporation, subject to the court's determination of whether the courts of the Commonwealth are a convenient forum for such a proceeding, the matters covered by this article shall be governed by the laws of the jurisdiction of formation of the foreign corporation except for matters covered by subsection D of § 13.1-672.1 and §§ 13.1-672.2 and 13.1-672.5.

1992, c. 802; 2005, c. 765; 2019, c. 734; 2026, cc. 383, 892.

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2006–2025 · leading case: Parsch v. Massey, 72 Va. Cir. 121 (Charlottesville Cir. Ct. 2006).
Parsch v. Massey, 72 Va. Cir. 121 (Charlottesville Cir. Ct. 2006). · cites it 3× “For the derivative claims, Delaware law will apply. Virginia has provided by statute that the law of the state of incorporation will govern issues of standing and grounds for dismissal.”
David Kirdassi v. Mitchell Scott White, DC, 913 S.E.2d 311 (Va. Ct. App. 2025). · cites it 6× “” Code § 13.1-672.3. As for precedent, our Supreme Court’s only decision touching on this subject, Taylor v.”
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