Virginia corporate and business law changes in the last year continue to challenge the practitioner to stay abreast of such developments in order to provide accurate advice to clients. This article summarizes the developments in the law in Virginia occurring from June 1999 through May 2000, with the legislative changes described based on Virginia General Assembly action in the 2000 session. Part II examines those legislative changes in corporate and business law (excluding public service corporation/public utility law issues). While many of the legislative changes are not significant, three new uniform laws (revised Article 9 of the Uniform Commercial Code ("UCC"), dealing with secured transactions, the Uniform Electronic Transactions Act, and the Uniform Computer Information Transactions Act) are likely to have a major impact on significant areas of business law practice and business conduct. Part III reviews judicial decisions on commercial law and business entity issues during the year, including a controversial decision on the duty of directors.
Peter E. Broadbent Jr. & John E. Russell,
Annual Survey of Virginia Law: Corporate and Business Law,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol34/iss3/5