2006 Code of Virginia § 13.1-844 - Record date

13.1-844. Record date.

A. The bylaws may fix or provide the manner of fixing in advance the recorddate for one or more voting groups in order to make a determination ofmembers for any purpose. If the bylaws do not fix or provide for fixing arecord date, the board of directors of the corporation may fix a future dateas the record date.

B. A record date fixed under this section may not be more than seventy daysbefore the meeting or action requiring a determination of members.

C. A determination of members entitled to notice of or to vote at a members'meeting is effective for any adjournment of the meeting unless the board ofdirectors fixes a new record date, which it shall do if the meeting isadjourned to a date more than 120 days after the date fixed for the originalmeeting.

D. If a court orders a meeting adjourned to a date more than 120 days afterthe date fixed for the original meeting, it may provide that the originalrecord date continues in effect or it may fix a new record date.

(1985, c. 522.)