Corporations, professional; when members of board of directors thereof required to be licensed, etc. (HB609)
Introduced By
Del. John O'Bannon (R-Richmond)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Professional corporations; directors. Clarifies that if a professional corporation's board of directors is eliminated or its make-up or manner of selection is modified by agreement, only individuals or entities licensed or otherwise authorized to render such professional services shall supervise and direct the provision of the professional services rendered by the corporation. However, the supervision and direction of a professional corporation of architects, professional engineers, or land surveyors may be provided by individuals employed by the corporation who are not duly licensed to render such professional service if two-thirds of the persons providing the supervision and direction are duly licensed to render the professional service. A similar exception applies to corporations rendering the services of certified landscape architects. Amends § 13.1-553 (“Board of directors.”), of the Code of Virginia. View Full Text »
Status
04/05/2006: signed by governor
View Bill's History
