{"data":{"id":"us-va/va.-code-6.2-866","jurisdiction":"us-va","citation":"Va. Code § 6.2-866","heading":"Meetings of board of directors","body":"The board of directors of every bank shall hold meetings at least once in each calendar month. At each meeting of the board, a majority of the whole board shall be necessary for the lawful transaction of business. Notwithstanding the foregoing, (i) the shareholders, by bylaw, may fix any number not less than a majority as a quorum and (ii) the Commission may allow less frequent meetings, but not less often than quarterly.Code 1950, § 6-43; 1966, c. 584, § 6.1-52; 1981, c. 203; 2010, c. 794; 2019, cc. 242, 244.","path":["Title 6.2. Financial Institutions and Services","Subtitle II. Depository Institutions and Trust Organizations","Chapter 8. Banks","Article 8. Directors and Officers; Dividends"],"source_url":"https://law.lis.virginia.gov/vacode/6.2-866/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:12:34Z","sha256":"93036fecc120ec41fe2778eb830630040530496b65ad64d1fda274b01cf5dd3e","source_id":"us-va","stale":true,"prev":"us-va/va.-code-6.2-865","next":"us-va/va.-code-6.2-867"},"notice":"GroundRules: Original legal text. Not legal advice."}