                                 CODE OF VIRGINIA

WHO MAY ORGANIZE AND BECOME SHAREHOLDER (§ 13.1-544)

A. An individual or group of individuals (i) duly licensed or otherwise legally
authorized to render the same professional services other than those of
architects, professional engineers or land surveyors, or to use a title other
than those of certified landscape architects or certified interior designers, of
which at least one is duly licensed or otherwise legally authorized to render
such professional services within the Commonwealth, or (ii) complying with the
provisions of &#xA7; 13.1-549 and duly licensed to render within the
Commonwealth the professional services of architects, professional engineers or
land surveyors, or legally authorized to use within the Commonwealth the title
of certified landscape architects or certified interior designers, or any
combination thereof, may organize a professional corporation for pecuniary
profit under the provisions of Chapter 9 (&#xA7; 13.1-601 et seq.) of this title
or organize a professional corporation as a nonstock corporation under the
provisions of Chapter 10 (&#xA7; 13.1-801 et seq.) of this title, for the sole
and specific purpose of rendering the same and specific professional service,
subject to any laws, not inconsistent with the provisions of this chapter, which
are applicable to the practice of that profession in the corporate form.

B. An eligible employee stock ownership plan or any individual or group of
individuals described in clause (i) or (ii) of subsection A may become a
shareholder or shareholders of a professional corporation for pecuniary profit
under the provisions of Chapter 9 (&#xA7; 13.1-601 et seq.) of this title, for
the sole and specific purpose of rendering the same and specific professional
service, subject to any laws, not inconsistent with the provisions of this
chapter, that are applicable to the practice of that profession in the corporate
form.

C. Any individual or group of individuals described in clause (i) or (ii) of
subsection A may become a member or members of a professional corporation
organized as a nonstock corporation under the provisions of Chapter 10 (&#xA7;
13.1-801 et seq.) of this title for the sole and specific purpose of rendering
such professional services, subject to any laws, not inconsistent with the
provisions of this chapter, that are applicable to the practice of that
profession in the corporate form.

HISTORY: 1970, c. 77; 1981, c. 58; 1989, c. 665; 1994, c. 349; 2000, c. 763;
2006, cc. 672, 715.