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2006 SESSION
069820780Be it enacted by the General Assembly of Virginia:
1. That § 54.1-3902 of the Code of Virginia is amended and reenacted as follows:
§ 54.1-3902. Professional corporations; professional limited liability companies; and registered limited liability partnerships.
A. No professional corporation organized or qualifying under
the provisions of Chapter 7 (§ 13.1-542 et seq.) of Title 13.1, professional
limited liability company organized or qualifying under the provisions of
Chapter 13 (§ 13.1-1100 et seq.) of Title 13.1, or registered limited liability
partnership organized or qualifying under the provisions of Article 7 (§ 50-43.1
et seq.) of Chapter 1 Article 9.1 (§
50-73.132 et seq.) of Chapter
2.2 of Title 50 shall render the professional services of
attorneys in this Commonwealth unless the professional corporation,
professional limited liability company, or registered limited liability
partnership is registered under this section.
B. A professional corporation organized or qualifying under
the provisions of Chapter 7 of Title 13.1, a professional limited liability
company organized or qualifying under the provisions of Chapter 13 of Title
13.1, or a registered limited liability partnership organized or qualifying
under the provisions of Article 7 (§ 50-43.1 et seq.) of Chapter
1 Article 9.1 (§ 50-73.132 et seq.) of Chapter 2.2 of Title 50 shall be
issued a professional corporation, a professional limited liability company, or
a registered limited liability partnership registration certificate by the
Virginia State Bar upon application and payment of a registration fee of $100
provided that:
1. Each member, manager, partner, employee or agent of the professional corporation, the professional limited liability company, or the registered limited liability partnership who will practice law in Virginia is an active member of the Virginia State Bar, or otherwise legally authorized to practice law in Virginia, except that nothing herein shall prohibit a nonlicensed individual from serving as secretary, treasurer, office manager or business manager of any such corporation, limited liability company, or registered limited liability partnership; and
2. The name of the professional corporation, the professional
limited liability company, or the registered limited liability partnership and
the conduct of its practice conform with the ethical standards which the
shareholders, members, managers, partners, employees and agents are required to
observe in the practice of law or patent law as defined in § 54.1-3901 in this
Commonwealth and that, in the case of a corporation, the corporate name
complies with subsection A of § 13.1-630; in the case of a limited liability
company, the limited liability company name complies with subsection A of §
13.1-1012; and, in the case of a registered limited liability partnership, the
registered limited liability partnership name complies with § 50-43.2 50-73.133.
C. Professional corporation, professional limited liability
company, and registered limited liability partnership registration certificates
shall be renewed biennially for a fee of fifty dollars$50.