Va. Code § 6.2-860: Bank to be managed by board of directors; number of directors
Where this section sits in the code
- Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES
- Subtitle II. DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS
- Chapter 8. BANKS
- Article 8. DIRECTORS AND OFFICERS; DIVIDENDS
The affairs of every bank incorporated under the laws of the Commonwealth shall be managed by a board of directors. The board shall consist of not less than five individuals.Code 1950, § 6-36; 1966, c. 584, § 6.1-45; 1996, c. 268; 2010, c. 794.
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