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HB2103: Professional corporations & limited liability companies; authorizes board of directors to delegate.

Chief Patron

Del. Lee Ware (R-65)

Lee Ware (R-65)
Powhatan, VA
Served: 1998–

Progress

Yes Introduced
Passed Committee
Yes Passed House
Yes Passed Senate
Yes Signed by Governor
Yes Became Law

Status

03/27/2007: signed by governor

View Entire History

Summary

Professional corporations and professional limited liability companies.  Authorizes the board of directors of a professional corporation to delegate managerial duties and tasks related to the corporation’s operations to its agents, officers, and employees and, pursuant to an agreement, to other persons. An analogous amendment allows members or managers of a professional limited liability company to do likewise.

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