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

Code of Virginia § 56-499. Purchase of own obligations.

44 words·~1 min read·/va/title-56/chapter-16/56-499

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

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.
1950, p. 593; 1956, c. 434.
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