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The Virginia Constitution of 1902 created the SCC to replace the Virginia Board of Public Works and the Office of Railroad Commissioner. The three-member Commission was charged with regulating the state railroads and telephone and telegraph companies and with registering corporations in Virginia. The SCC began operations on March 2, 1903.
A series LLC is a special form of a limited liability company that allows a single LLC to segregate its assets into separate series. For example, a series LLC that purchases separate pieces of real estate may put each in a separate series so if the lender forecloses on one piece of property, the others are not affected.
The Constitution of Virginia is the foremost source of state law. Legislation is enacted by the General Assembly, published in the Acts of Assembly, and codified in the Code of Virginia. State agency regulations (sometimes called administrative law) are published in the Virginia Register of Regulations and codified in the Virginia ...
A foreign corporation which has not registered to do business in Virginia may still be sued in Virginia courts if it does extensive business in the state. Service on a general partnership may be effected on any general partner, which Virginia law holds to be sufficient to give notice to both the partnership as an entity, and to all named partners.
In Virginia, the term state is sometimes used in an official manner, usually in a compound structure rather than as a standalone noun. This is evident in the names of the Virginia State Corporation Commission, the Virginia State Police, and the Virginia Polytechnic Institute and State University.
Other forms of local government are also provided by statute. [3] Virginia limits the authority of cities and counties to enact ordinances by what is known as the Dillon's Rule. Counties and cities may only pass laws expressly allowed by the state legislature or which are necessary to effect powers granted by the state. [4]
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