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17 chapters · 873 sections in this title.
Va. Code Ann. § 13.1-989 Membership in corporation; loans from members
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A. Any financial institution is authorized to become a member of a corporation by making application to the board of directors on such form and in such manner as the board of directors may require and membership shall become effective upon acceptance of such application by the bo…
Va. Code Ann. § 13.1-990 Shares and shareholders
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Each share of common stock of a corporation shall have a par value of $100, and shall be issued for cash. Each shareholder shall be entitled to one vote, in person or by proxy, for each share of capital stock held, and each member shall be entitled to one vote, in person or by pr…
Va. Code Ann. § 13.1-991 Directors
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The business and affairs of a corporation shall be conducted by a board of directors. The number of directors shall be a multiple of three. Two-thirds of the directors shall be elected by the members and one-third shall be elected by the shareholders. Any vacancy in the office of…
Va. Code Ann. § 13.1-992 Executive committee
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The board of directors, by a resolution adopted by a majority of the directors present and constituting a quorum at any meeting, may designate five or more directors to constitute an executive committee which, to the extent provided in such resolution or the bylaws of the corpora…