LEO: Attorney/Stockholder - Title Insurance  LE Op. 591

 

Attorney/Stockholder - Title Insurance Agency.

 

July 5, 1984

 

It is not improper for attorneys to be stockholders in a title insurance

agency when said attorneys receive dividends but no salaries or other

compensation, said attorneys have no interest in the title insurance

company, and written disclosure of the relationship between said attorneys

and the title insurance agency is made to clients who are offered the

service of the agency. Nothing herein is intended to interpret the

applicability of § 38.1-733.1, Code of Virginia, 1950 as amended. [ DR:5-

101(A), LE Op. 187, LE Op. 545]

 

Committee Opinion July 5, 1984

 

CROSS REFERENCES

 

See also LE Op. 603, and LE Op. 825.