Shareholder Policy

Woodley Recreation Association is an Incorporated Stock Corporation in Virginia managed by a dedicated group of volunteer Board of Directors All decisions are approved by Shareholders in good standing. Per our Bylaws, those serving on the Board of Directors must be Shareholders in good standing.

Shares (also known as Bonds) can be purchased at the start of the season with your membership dues for a flat, one-time fee at a rate decided by the Board of Directors.

Currently, members may choose to become a Shareholder at any year, but it is not required. A share purchase represents ownership interest in the Woodley Recreation Association and entitles the Shareholder to one vote at the Annual Shareholders’ Meeting and any other special elections and votes. Shareholders in good standing are entitled to additional benefits per year which are determined each year by the Board of Directors. Benefits generally include discounted membership dues, guest passes and a guaranteed spot each season.

Shareholders are required to purchase a membership OR pay the inactive fee each season in order to remain in good standing. Annual fees paid by Shareholders allow the Board to plan for large improvements and repairs necessary to keep Woodley facilities in the best condition possible. Shareholders who do not pay for either a membership or the inactive fee for two seasons by September 30th of the second season will automatically relinquish their Share to the Association without rights to request a Share Buy Back.

Shareholders in good standing who no longer wish to remain as shareholders may request that the Association buy back their Share at a rate decided by the Board of Directors. Share Buy Backs are processed on a first come, first serve basis as the Share can be resold. All Share Buy Backs are processed at the end of summer season, usually in October.

Details concerning share purchases, transfers, and maintaining your share status are found in Article I, Section 2b, of the Woodley Recreation Association By-Laws.

Questions about being a Shareholder at Woodley? Email us at shareholders@woodleypool.org.