                                 CODE OF VIRGINIA

ACTS OF OFFICERS, DIRECTORS, PARTNERS AND SALESMEN (§ 29.1-822)

If a licensee is a partnership or corporation, it shall be sufficient cause for
the denial, suspension or revocation of a license that any officer, director or
trustee of the partnership or corporation, or any member in the case of a
partnership, has committed any act or omitted any duty which would be cause for
refusing, suspending or revoking a license to such party as an individual. Each
licensee shall be responsible for the acts of any or all of his salesmen while
acting as his agent, if such licensee approved of or had knowledge of such acts
or other similar acts and after such approval or knowledge retained the benefit,
proceeds, profits or advantages accruing from such acts or otherwise ratified
the acts.

HISTORY: 1988, c. 592.