Chap. 279.—An ACT to amend and re-enact section 3848 of the Code of Vir-
ginia, relating to corporations. [S B 233]

Approved March 24, 1926.

1. Beit enacted by the general assembly of Virginia, That section
thirty-eight hundred and forty-eight of the Code of Virginia he
amended and re-enacted so as to read as follows:

Section 3848. License; penalty for doing business without; agents
personally liable; surrendering license; construction as to public ser-
vice corporations.—If any foreign corporation shall transact business
in this State without first obtaining such certificate of authority pro-
vided for in the preceding section or if any foreign corporation which
has obtained such certificate of authority shall continue to transact
business without having filed, and paid the proper fee, if any, as pro-
vided in the preceding section of the Code, as amended, two duly
authenticated copies of any amendment granted or revision of its
charter which has been made, within a reasonable time after the ob-
taining of such amendment or making of such revision, it shall be
fined not less than ten dollars nor more than one thousand dollars,
such fine to be imposed by the State corporation commission, whose
duty it shall be to see that provisions of the preceding section are
complied with. Every transaction had in the State by such a cor-
poration without such certificate of authority; or without having filed
such amendment or revision and paid the fee thereon, if any, after
the lapse of a reasonable time from such amendment or revision, shall
be deemed a separate offense. The officers, agents and employees of
any such corporation doing business in this State without such certifi-
cate of authority or when such corporation is in default under the
provisions of this and the preceding section requiring the filing of two
duly authenticated copies of any amendment or revision of its charter
and the payment of the fee required by law, if any, shall be personally
liable to the State for any fines imposed on it, and to any resident of
the State having a claim against such corporation, and service of legal
process upon any of said officers, agents or employees within this State
shall be deemed sufficient service on the corporation.

No such foreign corporation shall recover any money or property
or enforce any contract in any court without first obtaining the certifi-
cate of authority to do business in this State provided for in the pre-
ceding section, nor at a time when such foreign corporation is in de-
fault under the provisions of the law requiring the filing of two duly
authenticated copies of any amendment or revision of its charter as
provided by the preceding section, nor until all taxes, fees and charges
due to the State have been fully paid; but nothing contained in this
section shall prevent any corporation, after having withdrawn from
the State, from enforcing a contract legally made while said company
was acting under a certificate of authority from the State corporat’on
commission as provided in this chapter.

When any such corporation shall desire to cease doing business in
this State it may do so by surrendering to the State corporation com-
mission such original certificate of authority, or if it be lost or de-
stroyed, by filing an affidavit to that effect with the State corporation
commission in lieu of such original certificate of authority, and by
paying all taxes, fees and charges then due to the State. Such certifi-
cate of authority shall not be construed to authorize any such foreign
corporation to exercise any of the powers or functions of a public ser-
vice corporation in this State, nor to exempt such foreign corporation
from the payment of any State or local revenue license.

2. The provisions of this act shall apply to foreign corporations
now licensed to do business in this State as well as to those that may
in the future be so licensed.