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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>61186</law_id><section_number>38.2-4508</section_number><catch_line>Board of directors of nonstock corporation</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>38.2-4504</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="45">Dental or Optometric Services Plans</unit></structure><text>
						<section><p>Notwithstanding the provisions of &#xA7;&#xA0;<a class="law" title="Number and election of directors" href="/13.1-855/">13.1-855</a>, a <span class="dictionary">nonstock corporation</span> shall have a board of directors consisting of at least twelve but no more than twenty members. A majority of the members of the board of directors of a <span class="dictionary">nonstock corporation</span> operating a dental services plan shall be participating dentists. A majority of the members of the board of directors of a <span class="dictionary">nonstock corporation</span> operating an <span class="dictionary">optometric services plan</span> shall be participating optometrists.</p></section></text><history>1980, c. 682, &#xA7; 38.1-898; 1986, c. 562; 1987, c. 520.</history><metadata></metadata></law>
