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To comply with subdivision D 2 of § 54.1-4412.1 of the Code of Virginia, owners of a firm who are not licensees must be persons who, based on the facts and circumstances, participate in the firm's activities on a regular, continuous, and substantial basis.
Statutory Authority
§§ 54.1-4402 and 54.1-4403 of the Code of Virginia.
Historical Notes
Derived from Virginia Register Volume 26, Issue 24, eff. September 16, 2010.
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