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§ 31d-8-809 — West Virginia Law | CourtGPT
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  4. Chapter 31d - West Virginia Business Corporation Act/
  5. Article 8 - Directors and Officers§31d-8-801. Requirement for and Duties of Board of Directors/
  6. § 31d-8-809
West Virginia Legal Code

§ 31d-8-809

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(a) The circuit court may remove a director of the corporation from office in a proceeding commenced either by the corporation or by its shareholders holding at least ten percent of the outstanding shares of any class if the court finds that: (1) The director engaged in fraudulent or dishonest conduct or gross abuse of authority or discretion with respect to the corporation; and (2) removal is in the best interest of the corporation.(b) The court that removes a director may bar the director from reelection for a period prescribed by the court.(c) If shareholders commence a proceeding under subsection (a) of this section, they must make the corporation a party defendant.