Code · Virginia · Title 56 — Public Service Companies · Chapter 16

Code of Virginia § 56-486. Who may form cooperative; purpose.

79 words·~1 min read·/va/title-56/chapter-16/56-486

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any number of natural persons not less than five may, by executing, filing and recording a certificate as hereinafter set forth, form a cooperative, either with or without capital stock, not organized for pecuniary profit, for the purpose of promoting and encouraging the fullest possible use of telephone service by making telephone service and facilities available at the lowest cost consistent with sound economy and prudent management of the business of such cooperatives.

1950, p. 588; 1956, c. 434.