CODE OF VIRGINIA

DIRECTORS (§ 6.2-1050)

The affairs of every trust subsidiary incorporated under the laws of the
Commonwealth shall be managed by a board of directors. The board shall consist
of not fewer than five individuals. A majority of the directors shall be
citizens of the Commonwealth. Directors need not be stockholders of the trust
subsidiary unless the articles of incorporation so require.

HISTORY: 1974, c. 286, § 6.1-32.4; 2010, c. 794.