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Virginia Administrative Code (Last Updated: January 10, 2017) |
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Title 18. Professional and Occupational Licensing |
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Agency 10. Board for Architects, Professional Engineers, Land Surveyors, Certified Interior Designers and Landscape Architects |
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Chapter 20. |
Section 510. Definitions
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Part VIII. Qualifications for Registration as a Professional Corporation
Section 13.1-543 of the Code of Virginia provides the definition of the following term:
Professional Corporation ("P.C.")
The following words, terms, and phrases when used in this part shall have the meanings ascribed to them except where the context clearly indicates or requires different meanings:
"Employee" of a corporation, for purposes of stock ownership, is a person regularly employed by the corporation who devotes 60% or more of his gainfully employed time to that of the corporation.
"Registration" means a certificate of authority issued by the board to transact business in Virginia pursuant to § 13.1-549 of the Code of Virginia.
Historical Notes
Derived from VR130-01-2 § 8.1, eff. October 18, 1985; amended, Volume 04, Issue 08, eff. March 1, 1988; Volume 06, Issue 20, eff. September 1, 1990; Volume 07, Issue 14, eff. May 8, 1991; Volume 08, Issue 07, eff. February 1, 1992; Volume 10, Issue 15, eff. May 19, 1994; Volume 23, Issue 01, eff. February 1, 2007; Volume 32, Issue 06, eff. January 1, 2016.