(Effective January 1, 2027) Foreign corporations

Va. Code Ann. § 13.1-852.5
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Notwithstanding the provisions of §§ 13.1-852.3 and 13.1-852.6 , 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 C of § 13.1-852.3 and §§ 13.1-852.4 and 13.1-852.7 . 2026, cc. 393 , 394 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/13.1-852.5/Fetched: 10/16/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements