West Virginia § 31E-8-810 Removal of directors by judicial proceeding

West Virginia Statutes

§ 31E-8-810 — Removal of directors by judicial proceeding

West Virginia·Ch. 31E WEST VIRGINIA NONPROFIT CORPORATION ACT·Art. 8 DIRECTORS AND OFFICERS

(a)The circuit court may remove a director of the corporation from office in a proceeding commenced either by the corporation or by its members holding at least ten percent of the voting power of any class if the court finds that:

(1)The director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion, with respect to the corporation; and (2) removal is in the best interest of the corporation.

(b)The court that removes a director may bar the director from serving on the board for a period prescribed by the court.

(c)If members commence a proceeding under subsection (a) of this section, they must make the corporation a party defendant.

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(a) The circuit court may remove a director of the corporation from office in a proceeding commenced either by the corporation or by its members holding at least ten percent of the voting power of any class if the court finds that: (1) The director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion, with respect to the corporation; and (2) removal is in the best interest of the corporation.

(b) The court that removes a director may bar the director from serving on the board for a period prescribed by the court.

(c) If members commence a proceeding under subsection (a) of this section, they must make the corporation a party defendant.

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