§ 46.2-1984. Acts of officers, directors, partners, and salespersons
If a licensee or registrant is a partnership or corporation, it shall be sufficient cause for the denial, suspension, or revocation of a license or certificate of dealer registration that any officer, director, or trustee of the partnership or corporation, or any member in the case of a partnership or the dealer-operator, has committed any act or omitted any duty which would be cause for refusing, suspending, or revoking a license or certificate of dealer registration issued to him as an individual under this chapter. Each licensee or registrant shall be responsible for the acts of any of his salespersons while acting as his agent, if the licensee approved of those acts or had knowledge of those acts or other similar acts and, after such knowledge, retained the benefit, proceeds, profits, or advantages accruing from those acts or otherwise ratified those acts.
(1995, cc. 767, 816.)
Sections: Previous 46.2-1977 46.2-1978 46.2-1979 46.2-1980 46.2-1981 46.2-1982 46.2-1983 46.2-1984 46.2-1985 46.2-1986 46.2-1987 46.2-1988 46.2-1989 46.2-1990 46.2-1991 NextLast modified: April 3, 2009