2011 Code of Virginia
Title 13.1 CORPORATIONS.
Chapter 9 Virginia Stock Corporation Act (13.1-601 thru 13.1-792)
13.1-673 Requirement for and duties of board of directors
13.1-673. Requirement for and duties of board of directors.
A. Except as provided in an agreement authorized by 13.1-671.1, each corporation shall have a board of directors.
B. All corporate powers shall be exercised by or under the authority of, and the business and affairs of the corporation managed under the direction of, its board of directors, subject to any limitation set forth in the articles of incorporation or in an agreement authorized under 13.1-671.1.
(Code 1950, 13.1-35; 1956, c. 428; 1985, c. 522; 1990, c. 337; 2005, c. 765.)
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