2006 Code of Virginia § 13.1-1057 - Transaction of business without registration

13.1-1057. Transaction of business without registration.

A. A foreign limited liability company transacting business in thisCommonwealth may not maintain any action, suit, or proceeding in any court ofthis Commonwealth until it has registered in this Commonwealth.

B. The failure of a foreign limited liability company to register in thisCommonwealth does not impair the validity of any contract or act of theforeign limited liability company or prevent the foreign limited liabilitycompany from defending any action, suit, or proceeding in any court of thisCommonwealth.

C. If a foreign limited liability company transacts business in thisCommonwealth without a certificate of registration, each member, manager oremployee of the limited liability company who does any of such business inthis Commonwealth knowing that a certificate of registration is required andhas not been obtained shall be liable for a penalty of not less than $500 andnot more than $5,000 to be imposed by the Commission, after the limitedliability company and the individual have been given notice and anopportunity to be heard.

D. A foreign limited liability company, by transacting business in thisCommonwealth without registration, appoints the clerk of the Commission asits agent for service of process with respect to causes of action arising outof the transaction of business in this Commonwealth.

(1991, c. 168; 2006, c. 912.)