VIRGINIA UPL OPINION 69


Representation by In-House Counsel of a Bank Holding Company.

It is not the unauthorized practice of law for in-house counsel to represent a bank holding company and its affiliates in judicial proceedings; in preparing, signing and filing pleadings; and in appearing before court. The in-house legal staff may also prepare loan documents on behalf of the holding company or its affiliates. The holding company may collect a fee from its customers for such legal services so long as the fee collected bears a reasonable relationship to the legal expense associated with the transaction. [UPC 1-4; UPC 1-5]

Committee Opinion
December 3, 1984

 

Updated: Aug 28, 2006