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2003 SESSION
SB 879 Professional corporations; professional limited liability companies.
Introduced by: William C. Wampler, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Professional corporations; professional limited liability companies. Provides that, unless otherwise prohibited by law or regulation, professional services may be rendered by either a professional corporation or a general business corporation. Parallel provisions are added to the Limited Liability Company Act. A provision corrects existing language that states that all shareholders of a foreign professional stock corporation be licensed to render the professional service in Virginia, because currently accounting, architecture, professional engineering, and land surveying can be rendered by domestic professional corporations with unlicensed shareholders. Other changes clarify that nurse practitioners may organize to the same extent as other professionals, by inserting language omitted from the 1999 legislation that authorized them to so organize. The bill has an emergency clause.
FULL TEXT
- 01/08/03 Senate: Presented & ordered printed, prefiled 01/07/03 030289254 pdf | impact statement
- 01/28/03 Senate: Committee substitute printed 030345556-S1 pdf | impact statement
- 02/24/03 Senate: Bill text as passed Senate and House (SB879ER) pdf | impact statement
- 03/27/03 Governor: Acts of Assembly Chapter text (CHAP0678) pdf
HISTORY
- 01/08/03 Senate: Presented & ordered printed, prefiled 01/07/03 030289254
- 01/08/03 Senate: Referred to Committee on Commerce and Labor
- 01/27/03 Senate: Reported from C. & L. with substitute (13-Y 0-N)
- 01/28/03 Senate: Committee substitute printed 030345556-S1
- 01/29/03 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/29/03 Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
- 01/30/03 Senate: Read second time
- 01/30/03 Senate: Reading of substitute waived
- 01/30/03 Senate: Committee substitute agreed to 030345556-S1
- 01/30/03 Senate: Emergency clause added
- 01/30/03 Senate: Engrossed by Senate - committee substitute 030345556-S1
- 01/31/03 Senate: Read third time and passed Senate (40-Y 0-N)
- 01/31/03 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 01/31/03 Senate: Communicated to House
- 02/04/03 House: Placed on Calendar
- 02/04/03 House: Read first time
- 02/04/03 House: Referred to Committee on Commerce and Labor
- 02/11/03 House: Reported from Commerce and Labor (21-Y 0-N)
- 02/13/03 House: Read second time
- 02/14/03 House: Read third time
- 02/14/03 House: Passed House (99-Y 0-N)
- 02/14/03 House: VOTE: PASSAGE EMERGENCY (99-Y 0-N)
- 02/24/03 Senate: Bill text as passed Senate and House (SB879ER)
- 02/26/03 House: Enrolled
- 02/26/03 House: Signed by Speaker
- 02/27/03 Senate: Signed by President
- 03/19/03 Governor: Approved by Governor-Chapter 678 (effective 3/19/03)
- 03/27/03 Governor: Acts of Assembly Chapter text (CHAP0678)