Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-32.4 Directors of such companies

§ 6.1-32.4. Directors of such companies

The affairs of every trust subsidiary incorporated under the laws of this Commonwealth shall be managed by a board of directors which shall consist of not less than five persons. A majority of the directors shall be citizens of this Commonwealth, but directors need not be stockholders of the trust subsidiary unless the articles of incorporation so require.

(1974, c. 286.)

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Last modified: April 2, 2009