Code of Virginia § 13.1-903. Dissolution by directors.
56 words·~1 min read·
/va/title-13-1/chapter-10/13-1-903·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Where there are no members, or no members having voting rights, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.
Code 1950, § 13.1-248; 1956, c. 428; 1985, c. 522.