13.1-610.1 - Householding. - Virginia Statutes

§ 13.1-610.1. Householding.

A. A corporation shall be deemed to have delivered written notice or anyother report or statement under this chapter, the articles of incorporationor the bylaws to all shareholders who share a common address as shown on thecorporation's current record of shareholders if:

1. The corporation delivers one copy of the notice, report or statement tothe common address;

2. The corporation addresses the notice, report or statement to thoseshareholders either as a group or to each of those shareholders individuallyor to the shareholders in a form to which each of those shareholders hasconsented; and

3. Each of those shareholders consents, including any implied consentpursuant to subsection B, to delivery of a single copy of such notice, reportor statement to the shareholders' common address.

B. Any shareholder who fails to object by written notice to the corporation,within 60 days of written notice by the corporation of its intention to sendsingle copies of notices, reports or statements to shareholders who share acommon address as permitted by subsection A, shall be deemed to haveconsented to receiving such single copy at the common address.

C. Any consent pursuant to this section shall be revocable by any shareholderwho delivers written notice of revocation to the corporation. If such writtennotice of revocation is delivered, the corporation shall begin providingindividual notices, reports or other statements to the revoking shareholderno later than 30 days after delivery of the written notice of revocation.

(2007, c. 165.)