Code of Virginia § 38.2-4305. Fiduciary responsibilities.
48 words·~1 min read·
/va/title-38-2/chapter-43/38-2-4305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any director, officer or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the organization shall be responsible for the funds in a fiduciary relationship with the subscribers and enrollees.
1980, c. 720, § 38.1-868; 1986, c. 562.