There is a newer version of the Code of Virginia
2014 Virginia Code
Title 56 - Public Service Companies
§ 56-499. Purchase of own obligations
VA Code § 56-499 (2014) What's This?
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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