Bank to be managed by board of directors; number of directors

Va. Code Ann. § 6.2-860
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. Code 1950, § 6-36; 1966, c. 584, § 6.1-45; 1996, c. 268 ; 2010, c. 794 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/6.2-860/Fetched: 10/17/2026

Starting a business in Virginia? Virginia LLC guide: costs and requirements