Code of Virginia § 6.2-1050. Directors.
67 words·~1 min read·
/va/title-6-2/chapter-10/6-2-1050·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The affairs of every trust subsidiary incorporated under the laws of the Commonwealth shall be managed by a board of directors. The board shall consist of not fewer than five individuals. A majority of the directors shall be citizens of the Commonwealth. Directors need not be stockholders of the trust subsidiary unless the articles of incorporation so require.
1974, c. 286, § 6.1-32.4; 2010, c. 794 .