13.1-903 - Dissolution by directors. - Virginia Statutes

§ 13.1-903. Dissolution by directors.

Where there are no members, or no members having voting rights, thedissolution of the corporation shall be authorized at a meeting of the boardof directors upon the adoption of a resolution to dissolve by the vote of amajority of the directors in office.

(Code 1950, § 13.1-248; 1956, c. 428; 1985, c. 522.)