A corporation shall hold a meeting of members annually at a time stated in or fixed in accordance with the bylaws. Section 13.1-838 - Annual meeting A. A corporation shall hold a meeting of members annually at a time stated in or fixed in accordance with the bylaws.Virginia Stock Corporation Act (VSCA) Section 13.1654, generally requires Virginia corporations to hold an annual meeting of its shareholders. Corporations are required to hold certain formal meetings each year. Association Act ("Act") and the Virginia Nonstock Corporation Act ("Nonstock Act"). (a) A corporation must hold a meeting of shareholders annually at a time stated in or fixed in accordance with the bylaws. Ongoing Compliance Requirements. Applicants send a brief résumé and fill out a committee preference form.