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