CODE OF VIRGINIA

DISQUALIFICATION OF MEMBER, MANAGER, AGENT OR EMPLOYEE (§ 13.1-1116)

If any member, manager, agent or employee of a professional limited liability
company organized under this chapter who has been rendering professional service
to the public becomes legally disqualified to render those professional services
within this Commonwealth, that member, manager, agent or employee shall
immediately sever all employment with, and financial interests in, that
professional limited liability company except that the member, manager, agent or
employee may be a member subject to the provisions of this chapter. A
professional limited liability company’s failure to require compliance
with this provision shall constitute a ground for the forfeiture of its articles
of organization and the cancellation of its existence by the State Corporation
Commission.

HISTORY: 1992, c. 574; 2009, c. 201.