13.1-728.9 - Nonexclusivity. - Virginia Statutes

§ 13.1-728.9. Nonexclusivity.

Except as expressly provided in this article, neither the provisions of thisarticle nor their application to any acquiring person shall limit actionsthat may be taken, or require the taking of any action, by the board ofdirectors or shareholders with respect to any potential changes in control ofany public corporation. In the case of any action taken or not taken bydirectors, the provisions of § 13.1-690 shall apply, and, in determining thebest interests of the corporation, a director may consider the possibilitythat those interests may best be served by the continued independence of thecorporation.

(1989, c. 14; 2005, c. 765.)