CODE OF VIRGINIA DIRECTORS OR MANAGERS (§ 6.2-1079) The affairs of every private trust company shall be directed by a board of directors if a corporation, or managers if a limited liability company, consisting of not less than five nor more than 25 persons. At least one director or manager shall be a citizen of the Commonwealth. HISTORY: 2003, c. 910, § 6.1-32.30:6; 2010, c. 794.