CODE OF VIRGINIA BANK TO BE MANAGED BY BOARD OF DIRECTORS; NUMBER OF DIRECTORS (§ 6.2-860) 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. HISTORY: Code 1950, § 6-36; 1966, c. 584, § 6.1-45; 1996, c. 268; 2010, c. 794.