§ 13.1-903

Dissolution by directors

Where there are no members, or no members having voting rights, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.

History

Code 1950, § 13.1-248; 1956, c. 428; 1985, c. 522.

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