Where there are no members, or no members having voting rights, the dissolution of the corporation shall be authorized at a meeting of the board of directors upon the adoption of a resolution to dissolve by the vote of a majority of the directors in office.
Va. Code Ann. § 13.1-903
Dissolution by directors
Known as the Virginia Nonstock Corporation Act
The act spans §§ 13–13 (183 sections).
Code 1950, § 13.1-248; 1956, c. 428; 1985, c. 522.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.