Virginia § 13.1-853 Requirement for and duties of board of directors

Virginia Statutes

§ 13.1-853 — Requirement for and duties of board of directors

Virginia § 13.1-853

Title 13.1CORPORATIONS

Ch. 10VIRGINIA NONSTOCK CORPORATION ACT

Art. 8DIRECTORS AND OFFICERS

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Bluebook

Va. Code Ann. § 13.1-853 (2026).

Text

A.Except as provided in an agreement authorized by § 13.1-852.1, each corporation shall have a board of directors.

B.All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized by § 13.1-852.1.

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A. Except as provided in an agreement authorized by § 13.1-852.1, each corporation shall have a board of directors.

B. All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized by § 13.1-852.1.