CHAPTER 131

An Act to amend and reenact § 18.1-89 of the Code of Virginia, relating
toa quorum of directors of corporations. fH axe
[ ]

Approved March 9, 1966

Be it enacted by the General Assembly of Virginia:

Sloe § 13.1-39 of the Code of Virginia be amended and reenacted as
ollows:

§ 13.1-39. A majority of the number of directors fixed by the bylaws,
or in the absence of a bylaw fixing the number of directors, then of the
number stated in the articles of incorporation, shall constitute a quorum
for the transaction of business unless a greater number is required by the
articles of tneorporation for the transaction of all business or for any par-
ticular business. The act of the majority of the directors present at a
meeting at which a quorum is present shall be the act of the board of
directors unless the act of a greater number is required by the articles of
mcorporation on all matters or on any particular matters.