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2002 SESSION

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CHAPTER 1 An Act to amend and reenact the second and third enactments of Chapter 545 of the Acts of Assembly of 2001, relating to corporations; domestication and conversion; fees. [S 254] Approved January 30, 2002

Be it enacted by the General Assembly of Virginia:

1. That the second and third enactments of Chapter 545 of the Acts of Assembly of 2001 are amended and reenacted as follows:

2. That § 13.1-617 of the Code of Virginia is repealed effective July February 1, 2002.

3. That the provisions of this act shall become effective on July February 1, 2002; however, no domestication pursuant to Article 12.1 (§ 13.1-722.2 et seq.) of Chapter 9 of Title 13.1 shall occur prior to July 1, 2002, and no conversion pursuant to Article 12.2 (§ 13.1-722.8 et seq.) of Chapter 9 of Title 13.1 shall occur prior to July 1, 2002, unless the converting entity is (i) a domestic corporation incorporated before July 1, 1970, and (ii) the corporation is authorized to issue 5,000 shares or more.

2. That an emergency exists and this act is in force from its passage.