§ 15.2-4904. Directors; qualifications; terms; vacancies; compensation and expenses; quorum; records; certification and distribution of report concerning bond issuance.

§ 13.1-871. For purposes of subdivision A 1, a conflict of interests transaction is authorized, approved, or ratified if it receives the affirmative vote of a majority of the disinterested directors on the board of directors, or on the committee.

§ 13.1-857. In the absence of a provision in the articles of incorporation fixing a term of office, the term of office for a director shall be one year.

You will need at least one, but can have more than one. Directors make up the governing body of your nonprofit corporation and are stakeholders in your organization's purpose and success. You'll want to identify three, unrelated individuals to meet IRS requirements.

A board of directors shall consist of one or more individuals, with the number specified in or fixed in ance with the bylaws, or if not specified in or fixed in ance with the bylaws, with the number specified in or fixed in ance with the articles of incorporation.

§ 13.1-564. Unlawful cancellation of franchise; undue influence. It shall be unlawful for a franchisor to cancel a franchise without reasonable cause or to use undue influence to induce a franchisee to surrender any right given to him by any provision contained in the franchise.

Amendment of articles of incorporation by directors. A. Where there are no members, or no members having voting rights, an amendment shall be adopted at a meeting of the board of directors upon receiving the vote of at least two-thirds of the directors in office.

Under Virginia FOIA, a "meeting" is any gathering of three or more members of a public body (or a quorum, if a quorum is less than three) to discuss or transact business of the public body. The law applies to all discussions, deliberations, and formal action.

More info

Directors shall be appointed initially for staggered terms of one, two, three and four years. A director shall hold office for the term for which he was appointed or elected and until his successor is elected, or appointed, and qualified.For most professional corporations, the directors all need to be licensed in the corporation's stated profession. There are a few exceptions to this, however. While interviewing candidates may be done privately, a director's appointment should be done in open session. To qualify to train at the VA, each HPT must meet all requirements of the training program and the federal government to legally work. Director of personnel; appointment; qualifications; powers and duties. (a) The Secretary of the Department of Administration shall appoint the director. §18B-1F-5. Appointment of executive director; qualifications. The State Council of Higher Education for Virginia.

Directors Appointment And Qualification In Virginia

Description

Related forms

Viewed forms

Show more info

Form Rating

Form popularity

FAQ

What is the VA code 13.1 874?

What is the VA code 15.2 4904?

What is the Virginia Code 13.1 871?

What is the Virginia Code 13.1 857?

How many board members does a 501c3 need in Virginia?

What is the VA code 13.1 855?

What is the VA code 13.1 564?

What is the 13.1 885 of the Code of Virginia?

What are the requirements for an open meeting in Virginia?

More info

Trusted and secure by over 3 million people of the world’s leading companies