Home/Virginia/Statutes/Title 56: PUBLIC SERVICE COMPANIES/Ch. 16: TELEPHONE COOPERATIVES ACT/§ 56-499
Virginia Statutes

§ 56-499 — Purchase of own obligations

Virginia § 56-499
JurisdictionVirginia
Title 56PUBLIC SERVICE COMPANIES
Ch. 16TELEPHONE COOPERATIVES ACT

This text of Virginia § 56-499 (Purchase of own obligations) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Va. Code Ann. § 56-499 (2026).

Text

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
§ 56-1
Definitions
§ 56-1.1
Designation as public service corporation
§ 56-1.2
Persons, localities, and school boards not designated as public utility, public service corporation, etc
§ 56-1.2:1
Retail sale of electricity in connection with the provision of electric vehicle charging service
§ 56-1.3
Regulation of Voice-over-Internet protocol service
§ 56-10
Effect of such sale; date for meeting of stockholders
§ 56-100
Repealed
§ 56-100.1
Repealed
§ 56-102
Unlawful to charge other than published tariff
§ 56-102.1
Repealed
§ 56-11
Debts and claims against corporation so sold
§ 56-111
When railroads may operate by motor vehicle or aircraft
§ 56-112
Repealed
§ 56-117
Company to notify consignee of arrival of freight
§ 56-118
Freight bill; what to contain
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Bluebook (online)
Virginia § 56-499, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/56/56-499.