Virginia Code 38.2-3806: Constitution and bylaws.
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Each company shall provide in its constitution, laws or bylaws for:
Terms Used In Virginia Code 38.2-3806
- Adult: means a person 18 years of age or more. See Virginia Code 1-203
- company: means a cooperative nonprofit life benefit company as defined in subsection A of this section. See Virginia Code 38.2-3801
1. A representative form of government for the management of the company, to be carried on either with or without a lodge, or with membership in the lodge optional;
2. A legislative or governing body composed of its officers and representatives to be elected either by the adult members or by delegates elected directly or indirectly by the adult members; and
3. The manner of selecting representatives of the members for membership in its legislative body.
Code 1950, § 38-479; 1952, c. 317, § 38.1-504; 1986, c. 562.