13.1-672.3 - Foreign corporations. - Virginia Statutes

§ 13.1-672.3. Foreign corporations.

Notwithstanding the provisions of §§ 13.1-672.1 and 13.1-672.4, in anyderivative proceeding in the right of a foreign corporation, subject to thecourt's determination of whether the courts of the Commonwealth are aconvenient forum for such a proceeding, determinations of (i) standing andsatisfaction of conditions precedent to commencing and maintaining derivativeproceedings and (ii) grounds for dismissal of derivative proceedings, shallbe governed by the laws of the foreign corporation's state of incorporation.

(1992, c. 802; 2005, c. 765.)