Virginia § 56-486 Who may form cooperative; purpose

Virginia Statutes

§ 56-486 — Who may form cooperative; purpose

Virginia § 56-486

Title 56PUBLIC SERVICE COMPANIES

Ch. 16TELEPHONE COOPERATIVES ACT

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Bluebook

Va. Code Ann. § 56-486 (2026).

Text

Any number of natural persons not less than five may, by executing, filing and recording a certificate as hereinafter set forth, form a cooperative, either with or without capital stock, not organized for pecuniary profit, for the purpose of promoting and encouraging the fullest possible use of telephone service by making telephone service and facilities available at the lowest cost consistent with sound economy and prudent management of the business of such cooperatives.

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Any number of natural persons not less than five may, by executing, filing and recording a certificate as hereinafter set forth, form a cooperative, either with or without capital stock, not organized for pecuniary profit, for the purpose of promoting and encouraging the fullest possible use of telephone service by making telephone service and facilities available at the lowest cost consistent with sound economy and prudent management of the business of such cooperatives.