A professional limited liability company engaged in the practice of law, as a part of the practice of law, may act as an executor, trustee or administrator of an estate, guardian for an infant, or in any other fiduciary capacity. Any member, manager, employee or agent of a professional limited liability company engaged in the practice of law who is duly licensed as an attorney in the Commonwealth may perform necessary fiduciary responsibilities on behalf of the professional limited liability company.
1992, c. 574.
Structure Code of Virginia
Chapter 13 - Virginia Professional Limited Liability Company Act
§ 13.1-1100. Reservation of power to amend or repeal
§ 13.1-1101. Legislative purpose
§ 13.1-1101.1. Practice of certain professions by limited liability companies
§ 13.1-1103. Who may become a member
§ 13.1-1104. Use of initials "P.L.C.," "PLC," "P.L.L.C." or "PLLC" in company name
§ 13.1-1105. Certificate of authority for foreign professional limited liability company
§ 13.1-1112. Special provision for limited liability company engaged in practice of accounting
§ 13.1-1115. Transfer of membership interests
§ 13.1-1116. Disqualification of member, manager, agent or employee
§ 13.1-1120. Income and property taxes
§ 13.1-1122. Application of Chapter 12 of this title
§ 13.1-1123. Coordination with other provisions of Virginia Code