Virginia § 56-70 Accounting for disposition of proceeds of issue of securities

Virginia Statutes

§ 56-70 — Accounting for disposition of proceeds of issue of securities

Virginia § 56-70

Title 56PUBLIC SERVICE COMPANIES

Ch. 3ISSUANCE OF STOCKS, BONDS, ETC.

This text of Virginia § 56-70 (Accounting for disposition of proceeds of issue of securities) 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. § 56-70 (2026).

Text

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 stock certificates or other evidences of interest or ownership, and bonds, notes, and other evidences of indebtedness, in such form and detail as it may deem advisable, and to establish such rules and regulations as it may deem reasonable and necessary to insure the disposition of such proceeds for the purpose or purposes specified in its order.

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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 stock certificates or other evidences of interest or ownership, and bonds, notes, and other evidences of indebtedness, in such form and detail as it may deem advisable, and to establish such rules and regulations as it may deem reasonable and necessary to insure the disposition of such proceeds for the purpose or purposes specified in its order.