Virginia § 13.1-673 Requirement for and duties of board of directors

Virginia Statutes

§ 13.1-673 — Requirement for and duties of board of directors

Virginia § 13.1-673

Title 13.1Corporations

Ch. 9Virginia Stock Corporation Act

Art. 9Directors and Officers

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Bluebook

Va. Code Ann. § 13.1-673 (2026).

Text

A.Except as provided in an agreement authorized by § 13.1-671.1, each corporation shall have a board of directors.

B.All corporate powers shall be exercised by or under the authority of the board of directors, and the business and affairs of the corporation managed under the direction, and subject to the oversight, of the board of directors, subject to any limitation set forth in the articles of incorporation permitted by subdivision B 3 of § 13.1-619 or in an agreement authorized under § 13.1-671.1.

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A. Except as provided in an agreement authorized by § 13.1-671.1, each corporation shall have a board of directors.

B. All corporate powers shall be exercised by or under the authority of the board of directors, and the business and affairs of the corporation managed under the direction, and subject to the oversight, of the board of directors, subject to any limitation set forth in the articles of incorporation permitted by subdivision B 3 of § 13.1-619 or in an agreement authorized under § 13.1-671.1.