Board of directors of corporation operating plan

Va. Code Ann. § 38.2-4406
in effect
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Notwithstanding the provisions of §§ 13.1-675 and 13.1-855 , any corporation that operates any plan pursuant to the terms of this chapter shall have a board of directors consisting of no more than fifteen members of whom a majority shall be subscribers to the plan who are not providers of legal services and not employees or officers of any plan. This section does not apply to a plan operated by a group of attorneys except as provided in § 38.2-4403 . 1978, c. 658, § 38.1-796; 1982, c. 387; 1986, c. 562.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/38.2-4406/Fetched: 10/16/2026

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