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 issued by any public service company within such other state, then the Commission shall have the power to agree with such other commission or other agency or agencies of such other state on the issuance of stocks or stock certificates or other evidences of interest or ownership, and bonds, notes or other evidences of indebtedness by a public service company owning or operating a public utility both in such state and in this Commonwealth, and shall have the power to approve such issue jointly with such commission or other agency or agencies and to issue a joint certificate of such approval; provided, however, that no such joint approval shall be required in order to express the consent to and approval of such issue by the Commonwealth of Virginia if such issue is separately approved by the Commission.
1934, p. 223; Michie Code 1942, § 4073(5).
Structure Code of Virginia
Title 56 - Public Service Companies
Chapter 3 - Issuance of Stocks, Bonds, Etc.
§ 56-56. Issue of securities a special privilege subject to regulation
§ 56-57. Securities to which chapter is applicable
§ 56-58. Purposes for which stock, etc., may issue
§ 56-59. Order required before acting as surety, guarantor, etc.
§ 56-60. Application for order authorizing issuance of securities or assumption of liabilities
§ 56-61. Action of Commission on such application
§ 56-62. Joint action with commission of another state
§ 56-63. Appeal from decision of Commission on issuance of securities
§ 56-65. Exceptions as to issue of stock, etc., in treasury, etc.
§ 56-65.1. Short-term indebtedness
§ 56-66. No authority to capitalize permit, franchise or contract for consolidation
§ 56-67. Issuance of securities or assumption of liability void if order not obtained
§ 56-67.1. Validity of authorized securities
§ 56-68. No licensed salesman required when securities approved under this chapter
§ 56-69. Purposes to which proceeds of security issues may be applied
§ 56-70. Accounting for disposition of proceeds of issue of securities
§ 56-71. Violations of provisions of chapter; penalty
§ 56-72. Acts of officers, etc., bind company
§ 56-73. Penalty as to officers, etc., for violation of provisions of chapter
§ 56-74. State not obligated to pay or guarantee
§ 56-75. Fees in connection with applications for authority to issue securities