Code of Virginia § 38.2-4406. Board of directors of corporation operating plan.
92 words·~1 min read·
/va/title-38-2/chapter-44/38-2-4406·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the provisions of §§ 13.1-675 and 13.1-855 , any corporation that operates any plan pursuant to the terms of this chapter shall have a board of directors consisting of no more than fifteen members of whom a majority shall be subscribers to the plan who are not providers of legal services and not employees or officers of any plan. This section does not apply to a plan operated by a group of attorneys except as provided in § 38.2-4403 .
1978, c. 658, § 38.1-796; 1982, c. 387; 1986, c. 562.