(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.
Structure West Virginia Code
Chapter 31D. West Virginia Business Corporation Act
Article 8. Directors and Officers
§31D-8-801. Requirement for and Duties of Board of Directors
§31D-8-802. Qualifications of Directors
§31D-8-803. Number and Election of Directors
§31D-8-804. Election of Directors by Certain Classes of Shareholders
§31D-8-805. Terms of Directors Generally
§31D-8-806. Staggered Terms for Directors
§31D-8-807. Resignation of Directors
§31D-8-808. Removal of Directors by Shareholders
§31D-8-809. Removal of Directors by Judicial Proceeding
§31D-8-811. Compensation of Directors
§31D-8-821. Action Without Meeting
§31D-8-830. Standard of Conduct for Directors
§31D-8-831. Standards of Liability for Directors
§31D-8-833. Directors' Liability for Unlawful Distributions
§31D-8-841. Duties of Officers
§31D-8-842. Standards of Conduct for Officers
§31D-8-842a. Standards of Liability for Officers
§31D-8-843. Resignation and Removal of Officers
§31D-8-844. Contract Rights of Officers
§31D-8-851. Permissible Indemnification
§31D-8-852. Mandatory Indemnification
§31D-8-853. Advance for Expenses
§31D-8-854. Circuit Court-Ordered Indemnification and Advance for Expenses
§31D-8-855. Determination and Authorization of Indemnification
§31D-8-856. Indemnification of Officers
§31D-8-858. Variation by Corporate Action; Application of Part