comparemela.com

Latest Breaking News On - Virginia stock corporation act - Page 2 : comparemela.com

Ratification of Defective Corporate Actions Under the Virginia Stock Corporation Act | PilieroMazza PLLC

To embed, copy and paste the code into your website or blog: In 2019, the Commonwealth of Virginia adopted a variety of amendments to the Virginia Stock Corporation Act (VSCA). While many of those amendments are already effective, some of the amendments will go into effect on July 1, 2021, including those addressing how a corporation may ratify defective corporation actions. These new provisions provide corporations with vital tools to ensure that actions taken by the corporation, which might otherwise be found to be void or voidable under Virginia law, are valid and have appropriate legal effect. This article will provide an overview of the new ratification provisions under the VSCA and how they apply.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.