Change in quorum or voting requirements
Known as the Virginia Nonstock Corporation Act
The act spans §§ 13.1-801 to 13.1-946 (183 sections).
Applied in 1 court decision — leading case Seniors Coalition, Inc. v. Lady (1994)
Most recently applied in Seniors Coalition, Inc. v. Lady (September 1994)
Code 1950, § 13.1-218; 1956, c. 428; 1985, c. 522; 1986, c. 321.
A. The articles of incorporation may provide for a lesser or greater quorum requirement for members or voting groups of members than required by this chapter.
B. An amendment to the articles of incorporation that adds, changes, or deletes a quorum or voting requirement shall meet the quorum requirement and be adopted by the vote and voting groups required to take action under the quorum and voting requirements then in effect.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.