Powers of institutions vested in majority of members of board; quorum

Va. Code Ann. § 23.1-1101
in effect
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The powers of each institution derived directly or indirectly from this chapter are vested in and may be exercised by a majority of the members of its board, and a majority of such board constitutes a quorum for the transaction of any business authorized by this chapter. 1933, p. 83, § 23-14; 1946, p. 183; 1956, c. 373; 1960, c. 180; 1962, c. 69; 1964, cc. 358, 440, 635; 1966, c. 616; 1972, cc. 550, 861; 1974, c. 317; 1975, c. 396; 1976, c. 189; 1977, cc. 296, 319, 668; 1979, cc. 136, 145; 1987, c. 329; 1992, c. 103; 1999, cc. 424 , 437 ; 2000, cc. 108 , 671 ; 2001, c. 578 ; 2002, cc. 87 , 158 , 257 , 478 ; 2004, cc. 176 , 195 , 857 ; 2005, cc. 774 , 799 ; 2006, cc. 808 , 842 ; 2008, c. 56 ; 2013, c. 805 ; 2015, cc. 369 , 542 ; 2016, c. 588 .
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/23.1-1101/Fetched: 10/16/2026

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