Code of Virginia - Title 56 Public Service Companies - Chapter 3 Issuance Of Stocks, Bonds, Etc.
- 56-55 Definitions
The term "public service company" when used in this chapter shall mean every person, firm, corporation or association, or their lessees, trustees or receivers, other ...
- 56-56 Issue of securities a special privilege subject to regulation
The power of public service companies to issue stocks and stock certificates or other evidences of interest or ownership, and bonds, notes and other evidences ...
- 56-57 Securities to which chapter is applicable
A. This chapter shall apply to every stock or stock certificate or other evidence of interest or ownership, and, except as otherwise provided by § ...
- 56-58 Purposes for which stock, etc., may issue
A public service company may issue stocks and stock certificates or other evidences of interest or ownership, and bonds, notes and other evidences of indebtedness ...
- 56-59 Order required before acting as surety, guarantor, etc
No public service company shall henceforth assume any obligation or liability as guarantor, endorser, surety or otherwise in respect to the securities of any other ...
- 56-60 Application for order authorizing issuance of securities or assumption of liabilities
An application for an order authorizing the issue of such stocks and stock certificates or other evidences of interest or ownership, and bonds, notes or ...
- 56-61 Action of Commission on such application
When an application is filed with the Commission under § 56-60 it shall consider and pass upon the same within twenty-five days, and when the ...
- 56-62 Joint action with commission of another state
If a commission or other agency or agencies is empowered by another state to regulate and control the amount and character of securities to be ...
- 56-63 Appeal from decision of Commission on issuance of securities
The public service company making any application under § 56-60 may have the decision or order of the Commission reviewed on appeal to the Supreme ...
- 56-64 Description unavailable
Repealed by Acts 1975, c. 500. ...
- 56-65 Exceptions as to issue of stock, etc., in treasury, etc
The provisions of this chapter shall not apply to the sale or other disposition of any stock or stock certificate or other evidence of interest ...
- 56-65.1 Short-term indebtedness
Notwithstanding the provisions of §§ 56-57 and 56-65, the provisions of this chapter shall apply to the issuance of any note or notes by any ...
- 56-65.2 Description unavailable
Repealed by Acts 1976, c. 408. ...
- 56-66 No authority to capitalize permit, franchise or contract for consolidation
The Commission shall have no power to authorize the capitalization of any franchise or permit whatsoever or the right to own, operate or enjoy any ...
- 56-67 Issuance of securities or assumption of liability void if order not obtained
Any stock, or stock certificate or other evidence of interest or ownership, and, except as otherwise provided by § 56-65, any bond, note or other ...
- 56-67.1 Validity of authorized securities
Securities of a public service company, and assumptions by a public service company of obligations or liabilities in respect of the securities of another person, ...
- 56-68 No licensed salesman required when securities approved under this chapter
No licensed salesman shall be necessary in case of orders of approval or validation of securities under the provisions of this chapter. (1934, p. 227; ...
- 56-69 Purposes to which proceeds of security issues may be applied
No public service company shall, without the consent of the Commission, apply the proceeds of the issue of any stock or stock certificate or other ...
- 56-70 Accounting for disposition of proceeds of issue of securities
The Commission shall have the power to require public service companies to account for the disposition of the proceeds of all sales of stocks and ...
- 56-71 Violations of provisions of chapter; penalty
Every public service company which, directly or indirectly, issues or causes to be issued any stock or stock certificate or other evidence of interest or ...
- 56-72 Acts of officers, etc., bind company
For the purposes of this chapter the act, omission or failure of any officer, agent or employee of any public service company acting within the ...
- 56-73 Penalty as to officers, etc., for violation of provisions of chapter
Every officer, agent or employee of a public service company, and every other person (1) who knowingly authorizes, directs, aids in, issues or executes, or ...
- 56-74 State not obligated to pay or guarantee
No provision of this chapter, and no deed or act done or performed under or in connection therewith, shall be held or construed to obligate ...
- 56-75 Fees in connection with applications for authority to issue securities
Upon the filing of an application for the approval of any issue of securities or the making of any loan under the provisions of this ...
Last modified: April 3, 2009