Virginia Code 6.2-860: Bank to be managed by board of directors; number of directors.
Current as of: 2024 | Check for updates
|
Other versions
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.
Terms Used In Virginia Code 6.2-860
- Bank: means a corporation authorized by statute to accept deposits and to hold itself out to the public as engaged in the banking business in the Commonwealth. See Virginia Code 6.2-800
Code 1950, § 6-36; 1966, c. 584, § 6.1-45; 1996, c. 268; 2010, c. 794.