Virginia Statutes

§ 56-499 — Purchase of own obligations

Virginia·Title 56 PUBLIC SERVICE COMPANIES·Ch. 16 TELEPHONE COOPERATIVES ACT
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.

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Legislative History

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

Nearby Sections

15
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