SB 879 Professional corporations; professional limited liability companies.
William C. Wampler, Jr. | all patrons    ...    notes
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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

Status:
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)