{"data":{"id":"us-va/va.-code-6.2-1122","jurisdiction":"us-va","citation":"Va. Code § 6.2-1122","heading":"Meetings of board of directors","body":"The board of directors of every state savings institution shall hold meetings at least once in every calendar month. At any meeting a majority of the whole board shall be necessary for the lawful transaction of business, unless the stockholders or members, by bylaw, have fixed another number, which in the case of a state savings bank shall be not less than five, as a quorum. The Commission may allow less frequent meetings, but not less often than quarterly.Code 1950, § 6-201.35; 1960, c. 402; 1966, c. 584, § 6.1-165; 1972, c. 796, § 6.1-195.42; 1985, c. 425, § 6.1-194.15; 1991, c. 230, § 6.1-194.118; 2010, c. 794.","path":["Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES","Subtitle II. DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS","Chapter 11. SAVINGS INSTITUTIONS","Article 2. INCORPORATION; CERTIFICATE OF AUTHORITY; CORPORATE ADMINISTRATION"],"source_url":"https://law.lis.virginia.gov/vacode/6.2-1122/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:34Z","sha256":"1c456879f0eaf29ca693b5a165f231b74cd4e7309f875f304d6e0e654e0b0542","source_id":"us-va","stale":true,"prev":"us-va/va.-code-6.2-1121","next":"us-va/va.-code-6.2-1123"},"notice":"GroundRules: Original legal text. Not legal advice."}