Securities of a public service company, and assumptions by a public service company of obligations or liabilities in respect of the securities of another person, firm, association or corporation, issued or assumed pursuant to an authorizing order of the Commission and valid at the time of their issuance or assumption, shall not cease to be valid because such order is subsequently suspended, vacated, superseded or reversed.
1977, c. 631.
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