{"data":{"id":"us-va/va.-code-6.2-1050","jurisdiction":"us-va","citation":"Va. Code § 6.2-1050","heading":"Directors","body":"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.","path":["Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES","Subtitle II. DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS","Chapter 10. ENTITIES CONDUCTING TRUST BUSINESS","Article 3. TRUST SUBSIDIARIES"],"source_url":"https://law.lis.virginia.gov/vacode/6.2-1050/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:34Z","sha256":"4aa4dea1b02938d37fc7926d3ac849080df17a27a6bd5c2bb06e61cd70d3dbc1","source_id":"us-va","stale":true,"prev":"us-va/va.-code-6.2-1049","next":"us-va/va.-code-6.2-1051"},"notice":"GroundRules: Original legal text. Not legal advice."}