                                 CODE OF VIRGINIA

ORGANIZATION OF CORPORATION (§ 13.1-822)

A. After incorporation:

   1. If initial directors are named in the articles of incorporation, the
   initial directors shall hold an organizational meeting, at the call of a
   majority of the directors, to complete the organization of the corporation by
   adopting bylaws, appointing officers, and carrying on any other business
   brought before the meeting or

   2. If initial directors are not named in the articles, the incorporator or
   incorporators shall hold an organizational meeting at the call of a majority
   of the incorporators:
   				a. To elect a board of directors and complete the organization of the
   corporation; or
   				b. To elect directors who shall complete the organization of the
   corporation.

B. Action required or permitted by this Act to be taken by incorporators at an
organizational meeting may be taken without a meeting if the action taken is
evidenced by one or more written consents describing the action taken and signed
by each incorporator.

C. An organizational meeting may be held in or out of the Commonwealth.

HISTORY: Code 1950, § 13.1-234; 1956, c. 428; 1975, c. 500; 1985, c. 522; 2007,
c. 925.