Virginia § 6.2-1050 - Directors
Full text of Virginia Code of Virginia § 6.2-1050 — Directors, with citation guidance and answers to common questions.
§ 6.2-1050. Directors
The affairs of every trust subsidiary incorporated under the laws of the Commonwealth shall be managed by a board of directors. The board shall consist of not fewer than five individuals. A majority of the directors shall be citizens of the Commonwealth. Directors need not be stockholders of the trust subsidiary unless the articles of incorporation so require.
1974, c. 286, § 6.1-32.4; 2010, c. 794.
Frequently Asked Questions About Virginia § 6.2-1050
What does Code of Virginia § 6.2-1050 cover?
Section 6.2-1050 ("Directors") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 6.2-1050?
A common citation format is "Code of Virginia § 6.2-1050" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 6.2-1050 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.