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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Virginia Code Title 46.2. Motor Vehicles § 46.2-1574. Acts of officers, directors, partners, and salespersons - last updated January 01, 2025 | https://codes.findlaw.com/va/title-46-2-motor-vehicles/va-code-sect-46-2-1574/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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