No professional limited liability company organized under this chapter may engage in any business other than the rendering of the professional services for which it was specifically organized; however, nothing in this chapter or in any other provisions of existing law applicable to limited liability companies shall be interpreted to prohibit that limited liability company from investing its funds in real estate, mortgages, stocks, bonds or any other type of investments, from owning real or personal property, or from exercising any other investment power granted to limited liability companies under this title and not in conflict with the provisions of this chapter.
1992, c. 574; 1996, c. 265.
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