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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74760</law_id><section_number>13.1-682</section_number><catch_line>Vacancy on board of directors</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="13.1">Corporations</unit><unit label="chapter" level="2" order_by="1" identifier="9">Virginia Stock Corporation Act</unit><unit label="article" level="3" order_by="1" identifier="9">Directors and Officers</unit></structure><text>
						<section id="A"><p><span class="prefix-number">A.</span> Unless the <span class="dictionary">articles of incorporation</span> provide otherwise, if a vacancy occurs on the board of directors, including a vacancy resulting from an increase in the number of directors: <a id="paragraph-268663" class="section-permalink" href="https://vacode.org/13.1-682/#A"><i class="fa fa-link"/></a></p></section>
						<section id="A1" class="indent-1"><p><span class="prefix-number">1.</span> The <span class="dictionary">shareholders</span> may fill the vacancy; <a id="paragraph-268664" class="section-permalink" href="https://vacode.org/13.1-682/#A1"><i class="fa fa-link"/></a></p></section>
						<section id="A2" class="indent-1"><p><span class="prefix-number">2.</span> The board of directors may fill the vacancy; or <a id="paragraph-268665" class="section-permalink" href="https://vacode.org/13.1-682/#A2"><i class="fa fa-link"/></a></p></section>
						<section id="A3" class="indent-1"><p><span class="prefix-number">3.</span> If the directors remaining in office are less than a quorum of the board of directors, they may fill the vacancy by the affirmative vote of a majority of the directors remaining in office. <a id="paragraph-268666" class="section-permalink" href="https://vacode.org/13.1-682/#A3"><i class="fa fa-link"/></a></p></section>
						<section id="B"><p><span class="prefix-number">B.</span> Unless the <span class="dictionary">articles of incorporation</span> provide otherwise, if the vacant office was held by a director elected by a <span class="dictionary">voting group</span> of <span class="dictionary">shareholders</span>, only the <span class="dictionary">shareholders</span> of that <span class="dictionary">voting group</span> are entitled to vote to fill the vacancy if it is filled by the <span class="dictionary">shareholders</span> and only the remaining directors elected by that <span class="dictionary">voting group</span>, even if less than a quorum of the board of directors, are entitled to fill the vacancy if it is filled by the remaining directors. <a id="paragraph-268667" class="section-permalink" href="https://vacode.org/13.1-682/#B"><i class="fa fa-link"/></a></p></section>
						<section id="C"><p><span class="prefix-number">C.</span> A vacancy that will occur at a specific later date, by reason of a resignation effective at a later date under subsection B of &#xA7; <a class="law" title="Resignation of directors" href="/13.1-679/">13.1-679</a> or otherwise, may be filled before the vacancy occurs but the new director may not take office until the vacancy occurs. <a id="paragraph-268668" class="section-permalink" href="https://vacode.org/13.1-682/#C"><i class="fa fa-link"/></a></p></section>
						<section id="D"><p><span class="prefix-number">D.</span> The <span class="dictionary">corporation</span> may file an amended annual report with the <span class="dictionary">Commission</span> indicating the filling of a vacancy. <a id="paragraph-268669" class="section-permalink" href="https://vacode.org/13.1-682/#D"><i class="fa fa-link"/></a></p></section></text><history>Code 1950, &#xA7; 13.1-38; 1956, c. 428; 1985, c. 522; 1991, c. 124; 2007, c. 165; 2019, c. 734.</history><metadata></metadata></law>
