Va. Code § 38.2-1222

Current with changes from the 2024 legislative session through ch. 845
Section 38.2-1222 - Subscribers' advisory committee

The advisory committee exercising the subscribers' rights in a domestic reciprocal shall be selected under rules adopted by the subscribers. At least three-fourths of the committee shall be composed of subscribers other than the attorney or any person employed by, representing, or having a financial interest in the attorney. The committee shall supervise the finances of the reciprocal and the reciprocal's operations to the extent required to assure their conformity with the subscriber's agreement and power of attorney and shall exercise any other powers conferred on it by the subscriber's agreement. The committee may also be referred to as a board of directors or a board of trustees or by such other name as the committee chooses.

Va. Code § 38.2-1222

1952, c. 317, § 38.1-712; 1986, c. 562; 1990, c. 10.
Amended by Acts 1990, § c. 10.
Amended by Acts 1986, § c. 562.
Amended by Acts 1952, § c. 317, § 38.1-712.