{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-3908.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-3908.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-3908.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-3908.html"}],"law_id":56190,"edition_id":1,"section_id":56190,"structure_id":14637,"section_number":"38.2-3908","catch_line":"Officers","history":"1985, c. 400, \u00a7 38.1-549.9; 1986, c. 562.","full_text":"Unless the certificate of incorporation provides otherwise, the directors shall elect from their number a president and may elect a chairman, and shall also elect a secretary and a treasurer and any additional officers as they determine necessary, who may or may not be members of the insurer. The offices of secretary and treasurer may be held by one person. Unless otherwise provided in the certificate of incorporation, the term of these officers shall be not less than one year nor more than three years or until their successors are elected or qualified.","order_by":null,"text":{"0":{"id":205873,"text":"Unless the certificate of incorporation provides otherwise, the directors shall elect from their number a president and may elect a chairman, and shall also elect a secretary and a treasurer and any additional officers as they determine necessary, who may or may not be members of the insurer. The offices of secretary and treasurer may be held by one person. Unless otherwise provided in the certificate of incorporation, the term of these officers shall be not less than one year nor more than three years or until their successors are elected or qualified.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14637,"edition_id":1,"name":"Organization and Licensing of Companies","identifier":"2","label":"article","depth":3,"order_by":1,"parent_id":14069,"metadata":{},"date_created":"2026-06-26 03:49:00","date_modified":"2026-06-26 03:49:00","permalink":{"id":216255,"object_type":"structure","relational_id":14637,"identifier":"2","token":"38.2\/39\/2","url":"\/38.2\/39\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14069,"edition_id":1,"name":"Mutual Assessment Life, Accident and Sickness Insurers","identifier":"39","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:46:47","date_modified":"2026-06-26 03:46:47","permalink":{"id":216231,"object_type":"structure","relational_id":14069,"identifier":"39","token":"38.2\/39","url":"\/38.2\/39\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":69639,"structure_id":14637,"section_number":"38.2-3905","catch_line":"Incorporation of companies","url":"\/38.2-3905\/","token":"38.2\/39\/2\/38.2-3905","metadata":false},{"id":67182,"structure_id":14637,"section_number":"38.2-3906","catch_line":"Licensing of additional companies prohibited","url":"\/38.2-3906\/","token":"38.2\/39\/2\/38.2-3906","metadata":false},{"id":79271,"structure_id":14637,"section_number":"38.2-3907","catch_line":"Directors; terms; annual meetings; voting; executive committee","url":"\/38.2-3907\/","token":"38.2\/39\/2\/38.2-3907","metadata":false},{"id":56190,"structure_id":14637,"section_number":"38.2-3908","catch_line":"Officers","url":"\/38.2-3908\/","token":"38.2\/39\/2\/38.2-3908","metadata":false},{"id":64021,"structure_id":14637,"section_number":"38.2-3909","catch_line":"Inspection of books and papers","url":"\/38.2-3909\/","token":"38.2\/39\/2\/38.2-3909","metadata":false}],"previous_section":{"id":79271,"structure_id":14637,"section_number":"38.2-3907","catch_line":"Directors; terms; annual meetings; voting; executive committee","url":"\/38.2-3907\/","token":"38.2\/39\/2\/38.2-3907","metadata":false},"next_section":{"id":64021,"structure_id":14637,"section_number":"38.2-3909","catch_line":"Inspection of books and papers","url":"\/38.2-3909\/","token":"38.2\/39\/2\/38.2-3909","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-3908\/","history_text":"<p>This law was first created in 1985. The record of its establishment is cataloged in chapter 400 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1985 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1986, chapter 562.<\/p>","references":false,"refers_to":false,"permalink":{"id":216269,"object_type":"law","relational_id":56190,"identifier":"38.2-3908","token":"38.2\/39\/2\/38.2-3908","url":"\/38.2-3908\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-3908\/","token":"38.2\/39\/2\/38.2-3908","dublin_core":{"Title":"Officers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-3908","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Unless the certificate of incorporation provides otherwise, the directors shall elect from their number a president and may elect a chairman, and shall also elect a secretary and a treasurer and any additional officers as they determine necessary, who may or may not be members of the <span class=\"dictionary\">insurer<\/span>. The offices of secretary and treasurer may be held by one <span class=\"dictionary\">person<\/span>. Unless otherwise provided in the certificate of incorporation, the term of these officers shall be not less than one year nor more than three years or until their successors are elected or qualified.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nOFFICERS (\u00a7 38.2-3908)\n\nUnless the certificate of incorporation provides otherwise, the directors shall\nelect from their number a president and may elect a chairman, and shall also\nelect a secretary and a treasurer and any additional officers as they determine\nnecessary, who may or may not be members of the insurer. The offices of\nsecretary and treasurer may be held by one person. Unless otherwise provided in\nthe certificate of incorporation, the term of these officers shall be not less\nthan one year nor more than three years or until their successors are elected or\nqualified.\n\nHISTORY: 1985, c. 400, \u00a7 38.1-549.9; 1986, c. 562.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}