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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>346967</law_id><section_number>13.1-779</section_number><catch_line>Savings provision</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="44" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="12" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="20" identifier="20">Transition Provisions</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Except as provided in subsection B of this section, the repeal of a <span class="dictionary">statute</span> by this chapter does not affect: <a id="paragraph-1294537" class="section-permalink" href="https://vacode.org/13.1-779/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The operation of the <span class="dictionary">statute</span> or any action taken under it before its repeal; <a id="paragraph-1294538" class="section-permalink" href="https://vacode.org/13.1-779/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> Any ratification, right, remedy, <span class="dictionary">privilege</span>, obligation or liability acquired, accrued, or incurred under the <span class="dictionary">statute</span> before its repeal; <a id="paragraph-1294539" class="section-permalink" href="https://vacode.org/13.1-779/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> Any violation of the <span class="dictionary">statute</span>, or any <span class="dictionary">penalty</span>, forfeiture or punishment incurred because of the violation, before its repeal; or <a id="paragraph-1294540" class="section-permalink" href="https://vacode.org/13.1-779/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="A4" class="indent-1"><p><span class="prefix-number">4.</span> Any <span class="dictionary">proceeding</span> commenced, or reorganization or dissolution authorized by the board of directors, under the <span class="dictionary">statute</span> before its repeal, and the <span class="dictionary">proceeding</span>, reorganization or dissolution may be completed in accordance with the <span class="dictionary">statute</span> as if it had not been repealed. <a id="paragraph-1294541" class="section-permalink" href="https://vacode.org/13.1-779/#A4"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> If a <span class="dictionary">penalty</span> or punishment imposed for violation of a <span class="dictionary">statute</span> repealed by this Act is reduced by this Act, the <span class="dictionary">penalty</span> or punishment if not already imposed shall be imposed in accordance with this chapter. <a id="paragraph-1294542" class="section-permalink" href="https://vacode.org/13.1-779/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> If any provision of this chapter is deemed to modify, limit, or supersede the federal <span class="dictionary">Electronic</span> <span class="dictionary">Signatures</span> in Global and National Commerce Act, 15 U.S.C. &#xA7; 7001 et seq., the provisions of this chapter shall control to the maximum extent permitted by 15 U.S.C. &#xA7; 7002(a)(2). <a id="paragraph-1294543" class="section-permalink" href="https://vacode.org/13.1-779/#C"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 13.1-130; 1956, c. 428; 1985, c. 522; 2010, c. 782.</history><metadata></metadata></law>
