Virginia Decodedhttps://vacode.org726176.2-860Bank to be managed by board of directors; number of directors2025Financial Institutions and ServicesDepository Institutions and Trust OrganizationsBanksDirectors and Officers; Dividends

The affairs of every bank incorporated under the laws of the Commonwealth shall be managed by a board of directors. The board shall consist of not less than five individuals.

Code 1950, § 6-36; 1966, c. 584, § 6.1-45; 1996, c. 268; 2010, c. 794.