{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-492.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-492.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-492.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-492.html"}],"law_id":77358,"edition_id":1,"section_id":77358,"structure_id":14091,"section_number":"56-492","catch_line":"Powers of board of directors","history":"1950, p. 591; 1956, c. 434; 1974, c. 73; 2001, c. 386.","full_text":"The board of directors of a cooperative shall have power to do all things necessary and incidental in conducting the business of the cooperative, including but not limited to:\n\n1\n\nIf authorized by the certificate of incorporation, or by resolution of its members, the power to adopt and amend bylaws for the management and regulation of the affairs of the cooperative, subject, however, to the right of such members to alter or repeal such bylaws. The bylaws of a cooperative may make provisions, not inconsistent with law or its certificate of incorporation regulating the admission, suspension or expulsion of members; the transfer of memberships, the fees and dues of members and the termination of memberships on nonpayment of dues or otherwise; the number, times and manner of choosing, qualifications, terms of office, official designations, powers, duties and compensation of its officers; defining a vacancy in the board or in any office and the manner of filling it; the number of members to constitute a quorum at meetings, the date of the annual meeting and the giving of notice thereof and the holding of special meetings and the giving of notice thereof; the terms and conditions upon which the cooperative is to render service to its members, the disposition of the revenues and receipts of the cooperative; regular and special meetings of the board and the giving of notice thereof.2\n\nTo appoint agents and employees and to fix their compensation and the compensation of the officers of the cooperative.3\n\nTo execute all instruments.4\n\nTo make its own rules and regulations as to its procedure.","order_by":null,"text":{"0":{"id":277447,"text":"The board of directors of a cooperative shall have power to do all things necessary and incidental in conducting the business of the cooperative, including but not limited to:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":277448,"text":"If authorized by the certificate of incorporation, or by resolution of its members, the power to adopt and amend bylaws for the management and regulation of the affairs of the cooperative, subject, however, to the right of such members to alter or repeal such bylaws. The bylaws of a cooperative may make provisions, not inconsistent with law or its certificate of incorporation regulating the admission, suspension or expulsion of members; the transfer of memberships, the fees and dues of members and the termination of memberships on nonpayment of dues or otherwise; the number, times and manner of choosing, qualifications, terms of office, official designations, powers, duties and compensation of its officers; defining a vacancy in the board or in any office and the manner of filling it; the number of members to constitute a quorum at meetings, the date of the annual meeting and the giving of notice thereof and the holding of special meetings and the giving of notice thereof; the terms and conditions upon which the cooperative is to render service to its members, the disposition of the revenues and receipts of the cooperative; regular and special meetings of the board and the giving of notice thereof.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":277449,"text":"To appoint agents and employees and to fix their compensation and the compensation of the officers of the cooperative.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":277450,"text":"To execute all instruments.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":277451,"text":"To make its own rules and regulations as to its procedure.","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3"}},"ancestry":[{"id":14091,"edition_id":1,"name":"Telephone Cooperatives Act","identifier":"16","label":"chapter","depth":2,"order_by":1,"parent_id":12881,"metadata":{},"date_created":"2026-06-26 03:46:51","date_modified":"2026-06-26 03:46:51","permalink":{"id":250125,"object_type":"structure","relational_id":14091,"identifier":"16","token":"56\/16","url":"\/56\/16\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12881,"edition_id":1,"name":"Public Service Companies","identifier":"56","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:58","date_modified":"2026-06-26 03:43:58","permalink":{"id":248473,"object_type":"structure","relational_id":12881,"identifier":"56","token":"56","url":"\/56\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":63853,"structure_id":14091,"section_number":"56-485","catch_line":"Short title","url":"\/56-485\/","token":"56\/16\/56-485","metadata":false},{"id":85481,"structure_id":14091,"section_number":"56-486","catch_line":"Who may form cooperative; purpose","url":"\/56-486\/","token":"56\/16\/56-486","metadata":false},{"id":70906,"structure_id":14091,"section_number":"56-487","catch_line":"Definitions","url":"\/56-487\/","token":"56\/16\/56-487","metadata":false},{"id":76789,"structure_id":14091,"section_number":"56-488","catch_line":"Certificate of incorporation","url":"\/56-488\/","token":"56\/16\/56-488","metadata":false},{"id":74509,"structure_id":14091,"section_number":"56-489","catch_line":"Limitation of use of words \"telephone cooperative.\"","url":"\/56-489\/","token":"56\/16\/56-489","metadata":false},{"id":85742,"structure_id":14091,"section_number":"56-490","catch_line":"Filing certificate of incorporation","url":"\/56-490\/","token":"56\/16\/56-490","metadata":false},{"id":84965,"structure_id":14091,"section_number":"56-491","catch_line":"Board of directors; officers","url":"\/56-491\/","token":"56\/16\/56-491","metadata":false},{"id":77358,"structure_id":14091,"section_number":"56-492","catch_line":"Powers of board of directors","url":"\/56-492\/","token":"56\/16\/56-492","metadata":false},{"id":65385,"structure_id":14091,"section_number":"56-493","catch_line":"Membership; voting; nonprofit operation","url":"\/56-493\/","token":"56\/16\/56-493","metadata":false},{"id":64616,"structure_id":14091,"section_number":"56-494","catch_line":"Service to members; to nonmembers","url":"\/56-494\/","token":"56\/16\/56-494","metadata":false},{"id":87301,"structure_id":14091,"section_number":"56-495","catch_line":"Powers granted corporation","url":"\/56-495\/","token":"56\/16\/56-495","metadata":false},{"id":84850,"structure_id":14091,"section_number":"56-496","catch_line":"Disposition of property","url":"\/56-496\/","token":"56\/16\/56-496","metadata":false},{"id":68695,"structure_id":14091,"section_number":"56-497","catch_line":"Issue of obligations","url":"\/56-497\/","token":"56\/16\/56-497","metadata":false},{"id":67120,"structure_id":14091,"section_number":"56-498","catch_line":"Covenants","url":"\/56-498\/","token":"56\/16\/56-498","metadata":false},{"id":73742,"structure_id":14091,"section_number":"56-499","catch_line":"Purchase of own obligations","url":"\/56-499\/","token":"56\/16\/56-499","metadata":false},{"id":87088,"structure_id":14091,"section_number":"56-500","catch_line":"Consolidation or merger","url":"\/56-500\/","token":"56\/16\/56-500","metadata":false},{"id":77715,"structure_id":14091,"section_number":"56-501","catch_line":"Repealed","url":"\/56-501\/","token":"56\/16\/56-501","metadata":false},{"id":61079,"structure_id":14091,"section_number":"56-501.1","catch_line":"Payment of certain patronage capital to spouse or next of kin of deceased person","url":"\/56-501.1\/","token":"56\/16\/56-501.1","metadata":false},{"id":71418,"structure_id":14091,"section_number":"56-502","catch_line":"Regulation by State Corporation Commission","url":"\/56-502\/","token":"56\/16\/56-502","metadata":false},{"id":65253,"structure_id":14091,"section_number":"56-503","catch_line":"Dissolution","url":"\/56-503\/","token":"56\/16\/56-503","metadata":false},{"id":80777,"structure_id":14091,"section_number":"56-504","catch_line":"Charter amendments","url":"\/56-504\/","token":"56\/16\/56-504","metadata":false},{"id":86446,"structure_id":14091,"section_number":"56-505","catch_line":"Charter fees","url":"\/56-505\/","token":"56\/16\/56-505","metadata":false},{"id":72543,"structure_id":14091,"section_number":"56-506","catch_line":"Construction of chapter; conflicting laws","url":"\/56-506\/","token":"56\/16\/56-506","metadata":false},{"id":55217,"structure_id":14091,"section_number":"56-507","catch_line":"Adoption of provisions by existing corporation","url":"\/56-507\/","token":"56\/16\/56-507","metadata":false},{"id":81225,"structure_id":14091,"section_number":"56-508","catch_line":"Extension of service to territory not being served","url":"\/56-508\/","token":"56\/16\/56-508","metadata":false}],"previous_section":{"id":84965,"structure_id":14091,"section_number":"56-491","catch_line":"Board of directors; officers","url":"\/56-491\/","token":"56\/16\/56-491","metadata":false},"next_section":{"id":65385,"structure_id":14091,"section_number":"56-493","catch_line":"Membership; voting; nonprofit operation","url":"\/56-493\/","token":"56\/16\/56-493","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-492\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. 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. Those modifications are as follows: in 1956, chapter 434; in 1974, chapter 73; in 2001, chapter 386<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":250155,"object_type":"law","relational_id":77358,"identifier":"56-492","token":"56\/16\/56-492","url":"\/56-492\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-492\/","token":"56\/16\/56-492","dublin_core":{"Title":"Powers of board of directors","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-492","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The board<\/span> of directors of a cooperative<\/span> shall have power to do all things necessary and incidental in conducting the business of the cooperative<\/span>, including but not limited to:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> If authorized by the certificate of incorporation, or by resolution of its members<\/span>, the power to adopt and amend<\/span> bylaws for the management and regulation of the affairs of the cooperative<\/span>, subject, however, to the right of such members<\/span> to alter or repeal such bylaws. The bylaws of a cooperative<\/span> may make provisions, not inconsistent with law<\/span> or its certificate of incorporation regulating the admission, suspension or expulsion of members<\/span>; the transfer of memberships, the fees and dues of members<\/span> and the termination of memberships on nonpayment of dues or otherwise; the number, times and manner of choosing, qualifications, terms of office, official designations, powers, duties and compensation of its officers; defining a vacancy in the board<\/span> or in any office and the manner of filling it; the number of members<\/span> to constitute a quorum at meetings, the date of the annual meeting and the giving of notice thereof and the holding of special meetings and the giving of notice thereof; the terms and conditions upon which the cooperative<\/span> is to render service to its members<\/span>, the disposition<\/span> of the revenues and receipts of the cooperative<\/span>; regular and special meetings of the board<\/span> and the giving of notice thereof. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> To appoint agents and employees and to fix their compensation and the compensation of the officers of the cooperative<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> To execute all instruments. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> To make its own rules and regulations as to its procedure. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOWERS OF BOARD OF DIRECTORS (\u00a7 56-492)\n\nThe board of directors of a cooperative shall have power to do all things\nnecessary and incidental in conducting the business of the cooperative,\nincluding but not limited to:\n\n1. If authorized by the certificate of incorporation, or by resolution of its\nmembers, the power to adopt and amend bylaws for the management and regulation\nof the affairs of the cooperative, subject, however, to the right of such\nmembers to alter or repeal such bylaws. The bylaws of a cooperative may make\nprovisions, not inconsistent with law or its certificate of incorporation\nregulating the admission, suspension or expulsion of members; the transfer of\nmemberships, the fees and dues of members and the termination of memberships on\nnonpayment of dues or otherwise; the number, times and manner of choosing,\nqualifications, terms of office, official designations, powers, duties and\ncompensation of its officers; defining a vacancy in the board or in any office\nand the manner of filling it; the number of members to constitute a quorum at\nmeetings, the date of the annual meeting and the giving of notice thereof and\nthe holding of special meetings and the giving of notice thereof; the terms and\nconditions upon which the cooperative is to render service to its members, the\ndisposition of the revenues and receipts of the cooperative; regular and special\nmeetings of the board and the giving of notice thereof.\n\n2. To appoint agents and employees and to fix their compensation and the\ncompensation of the officers of the cooperative.\n\n3. To execute all instruments.\n\n4. To make its own rules and regulations as to its procedure.\n\nHISTORY: 1950, p. 591; 1956, c. 434; 1974, c. 73; 2001, c. 386.","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}}