Virginia Statutes
§ 38.2-3807 — Governing body; board of directors
Virginia § 38.2-3807
JurisdictionVirginia
Title 38.2INSURANCE
Ch. 38COOPERATIVE NONPROFIT LIFE BENEFIT COMPANIES
Art. 1General Provisions
This text of Virginia § 38.2-3807 (Governing body; board of directors) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 38.2-3807 (2026).
Text
The governing body of each company shall meet at least once every four years. Meetings of the governing body may be held in any state where the company is authorized to do business. The members of the governing body shall not vote by proxy.
A board of directors to conduct the business of the company shall be elected by the governing body for a period of not more than four years or until the next quadrennial meeting of the body. The board of directors shall elect the officers to conduct the business of the company under its direction. No officer shall be elected for a period beyond that for which the board of directors has been elected.
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Legislative History
Code 1950, § 38-480; 1952, c. 317, § 38.1-505; 1986, c. 562.
Nearby Sections
15
§ 38.2-100
Definitions§ 38.2-1000
Incorporation of domestic stock insurers§ 38.2-1001
Incorporation of domestic mutual insurers§ 38.2-1004
Voting§ 38.2-1005
Certain mutual companies and societies not to become stock companies without approval of Commission§ 38.2-1005.1:1
Definitions§ 38.2-1005.1:10
Conflicts of interest§ 38.2-1005.1:11
Costs and expenses§ 38.2-1005.1:12
Failure to give notice§ 38.2-1005.1:13
Limitation on actionsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 38.2-3807, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/38.2/38.2-3807.