Code of Virginia - Title 56 Public Service Companies - Section 56-499 Purchase of own obligations

§ 56-499. Purchase of own obligations

A cooperative shall have power out of any funds available therefor to purchase any obligations issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be cancelled.

(1950, p. 593; 1956, c. 434.)

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Last modified: April 3, 2009