CHAPTER 88

4n Act to amend and reenact § 18-192 of the Code of Virginia relating
to certain books of corporations and when they may be closed.
H 34

Approved February 22, 1952

Be it enacted by the General Assembly of Virginia:

. That § 13-192 of the Code of Virginia be amended and reenacted as
ollows:

§ 13-192. Transfer books; when same may be closed by order of
lirectors.—Transfer books shall be kept by the corporation or by one or
nore transfer agents appointed by it in which shares shall be transferred
inder such regulations as may be prescribed by the by-laws, subject to
he provisions of chap 9 of this title. Such transfer books shall be closed
y order of the board of directors for not exceeding thirty days next
receding any stockholders’ meeting; provided that in lieu of closing the
transfer books as aforesaid, the by-laws may fix or authorize the board
of directors to fix in advance a date not * more than thirty days preceding
the date of any meeting of stockholders or the date for the payment of
any dividend or the date for the allotment of rights, or the date when any
change or conversion or exchange of capital stock shall go into effect, as
a record date for the determination of the stockholders entitled to notice
of and to vote at any such meeting or entitled to receive payment of any
such dividend, or any such allotment of rights, or to exercise the rights in
respect to any such change, conversion or exchange of capital stock, and
in such case only stockholders of record on the date so fixed shall be
entitled to such notice of and to vote at such meeting, or to receive payment
of such dividend, or allotment of rights, or exercise such rights, as the
case may be, and notwithstanding any transfer of any stock on the books
of the corporation after such record date fixed as aforesaid.