(a) No natural person shall be prosecuted or be subjected to any penalty or forfeiture for or on account of any transaction, matter or thing concerning which he may testify or produce evidence, documentary or otherwise, in any action, suit, or prosecution authorized by this article; provided, that no person so testifying shall be exempt from prosecution or punishment for perjury committed in so testifying.

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Terms Used In Virginia Code 18.2-501

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: is a ny person, firm, corporation, partnership or association. See Virginia Code 18.2-501
  • Testify: Answer questions in court.

(b) As used in this article a “person” is any person, firm, corporation, partnership or association.

Code 1950, § 18.1-74.1:3; 1964, c. 623; 1975, cc. 14, 15.