Virginia Code 13.1-863: Compensation of directors
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Unless the articles of incorporation or bylaws provide otherwise, the board of directors may fix the compensation of directors.
Terms Used In Virginia Code 13.1-863
- Articles of incorporation: means all documents constituting, at any particular time, the charter of a corporation. See Virginia Code 13.1-803
- Board of directors: means the group of persons vested with the management of the business of the corporation irrespective of the name by which such group is designated, and "director" means a member of the board of directors. See Virginia Code 13.1-803
1985, c. 522.