Va. Code § 6.2-1050
Current with changes from the 2024 legislative session through ch. 845
The affairs of every trust subsidiary incorporated under the laws of the Commonwealth shall be managed by a board of directors. The board shall consist of not fewer than five individuals. A majority of the directors shall be citizens of the Commonwealth. Directors need not be stockholders of the trust subsidiary unless the articles of incorporation so require.
Va. Code § 6.2-1050