29.1-822 - Acts of officers, directors, partners and salesmen. - Virginia Statutes

§ 29.1-822. Acts of officers, directors, partners and salesmen.

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

(1988, c. 592.)