{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/56-62.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/56-62.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/56-62.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/56-62.html"}],"law_id":370703,"edition_id":2,"section_id":370703,"structure_id":52780,"section_number":"56-62","catch_line":"Joint action with commission of another state","history":"1934, p. 223; Michie Code 1942, \u00a7 4073(5).","full_text":"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.\n\n","order_by":null,"text":{"0":{"id":1383066,"text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":52780,"edition_id":2,"name":"Issuance of Stocks, Bonds, Etc.","identifier":"3","label":"chapter","depth":2,"order_by":4,"parent_id":52702,"metadata":{"child_laws":24,"child_structures":0},"date_created":"2026-08-02 03:04:32","date_modified":"2026-08-02 12:35:35","permalink":{"id":1477985,"object_type":"structure","relational_id":52780,"identifier":"3","token":"56\/3","url":"\/56\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":52702,"edition_id":2,"name":"Public Service Companies","identifier":"56","label":"title","depth":1,"order_by":121,"parent_id":null,"metadata":{"child_laws":710,"child_structures":93},"date_created":"2026-08-02 03:03:25","date_modified":"2026-08-02 12:35:34","permalink":{"id":1475475,"object_type":"structure","relational_id":52702,"identifier":"56","token":"56","url":"\/56\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":370577,"structure_id":52780,"section_number":"56-55","catch_line":"Definitions","url":"\/56-55\/","token":"56\/3\/56-55","metadata":false},{"id":370587,"structure_id":52780,"section_number":"56-56","catch_line":"Issue of securities a special privilege subject to regulation","url":"\/56-56\/","token":"56\/3\/56-56","metadata":false},{"id":370588,"structure_id":52780,"section_number":"56-57","catch_line":"Securities to which chapter is applicable","url":"\/56-57\/","token":"56\/3\/56-57","metadata":false},{"id":370615,"structure_id":52780,"section_number":"56-58","catch_line":"Purposes for which stock, etc., may issue","url":"\/56-58\/","token":"56\/3\/56-58","metadata":false},{"id":370653,"structure_id":52780,"section_number":"56-59","catch_line":"Order required before acting as surety, guarantor, etc","url":"\/56-59\/","token":"56\/3\/56-59","metadata":false},{"id":370681,"structure_id":52780,"section_number":"56-60","catch_line":"Application for order authorizing issuance of securities or assumption of liabilities","url":"\/56-60\/","token":"56\/3\/56-60","metadata":false},{"id":370692,"structure_id":52780,"section_number":"56-61","catch_line":"Action of Commission on such application","url":"\/56-61\/","token":"56\/3\/56-61","metadata":false},{"id":370703,"structure_id":52780,"section_number":"56-62","catch_line":"Joint action with commission of another state","url":"\/56-62\/","token":"56\/3\/56-62","metadata":false},{"id":370712,"structure_id":52780,"section_number":"56-63","catch_line":"Appeal from decision of Commission on issuance of securities","url":"\/56-63\/","token":"56\/3\/56-63","metadata":false},{"id":370713,"structure_id":52780,"section_number":"56-64","catch_line":"Repealed","url":"\/56-64\/","token":"56\/3\/56-64","metadata":false},{"id":370716,"structure_id":52780,"section_number":"56-65","catch_line":"Exceptions as to issue of stock, etc., in treasury, etc","url":"\/56-65\/","token":"56\/3\/56-65","metadata":{"court_decisions":{"0":{"name":"Woodard v. 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Virginia"},"3":{"name":"Smith v. Porter","case_number":"Civil Action 2:09cv188","citation":"416 B.R. 264","date":"2009-07-15","url":"https:\/\/www.courtlistener.com\/opinion\/1879003\/smith-v-porter\/","abstract":" .\u202f.\u202f. 416 B.R. 264 (2009) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"4":{"name":" .\u202f.\u202f. United States v. William T. Ellis, United States of America .\u202f.\u202f. ","case_number":"90-5726, 91-5771","citation":"951 F.2d 580","date":"1992-01-07","url":"https:\/\/www.courtlistener.com\/opinion\/573897\/united-states-v-william-t-ellis-united-states-of-america-v-william-t\/","abstract":" .\u202f.\u202f. *582 .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"5":{"name":"Bethune-Hill v. Va. State Bd. of Elections","case_number":"Civil Action No. 3:14cv852","citation":"326 F. Supp. 3d 128","date":"2018-06-26","url":"https:\/\/www.courtlistener.com\/opinion\/7331620\/bethune-hill-v-va-state-bd-of-elections\/","abstract":" .\u202f.\u202f. BARBARA MILANO KEENAN, Circuit Judge: .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"},"6":{"name":"Sheek v. City of Newport News","case_number":"Record 8167","citation":"214 Va. 288","date":"1973-10-08","url":"https:\/\/www.courtlistener.com\/opinion\/1419381\/sheek-v-city-of-newport-news\/","abstract":" .\u202f.\u202f. Poff, J., .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"7":{"name":"United States v. John Allen Gearhart","case_number":"8870","citation":"326 F.2d 412","date":"1964-01-09","url":"https:\/\/www.courtlistener.com\/opinion\/262852\/united-states-v-john-allen-gearhart\/","abstract":" .\u202f.\u202f. SOBELOFF, Chief Judge: .\u202f.\u202f. ","court_html":"Court of Appeals for the Fourth Circuit"},"8":{"name":"Doan v. 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If a commission<\/span> or other agency or agencies is empowered by another state to regulate and control the amount and character of securities<\/span> to be issued by any public service company<\/span> within such other state, then the Commission<\/span> shall have the power to agree with such other commission<\/span> or other agency or agencies of such other state on the issuance of stocks or stock certificates or other evidences<\/span> of interest or ownership, and bonds<\/span>, notes or other evidences<\/span> of indebtedness by a public service company<\/span> owning or operating a public utility both in such state and in this Commonwealth, and shall have the power to approve such issue<\/span> jointly with such commission<\/span> or other agency or agencies and to issue<\/span> a joint certificate of such approval; provided, however, that no such joint approval shall be required in order<\/span> to express the consent to and approval of such issue<\/span> by the Commonwealth of Virginia if such issue<\/span> is separately approved by the Commission<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nJOINT ACTION WITH COMMISSION OF ANOTHER STATE (\u00a7 56-62)\n\nIf a commission or other agency or agencies is empowered by another state to\nregulate and control the amount and character of securities to be issued by any\npublic service company within such other state, then the Commission shall have\nthe power to agree with such other commission or other agency or agencies of\nsuch other state on the issuance of stocks or stock certificates or other\nevidences of interest or ownership, and bonds, notes or other evidences of\nindebtedness by a public service company owning or operating a public utility\nboth in such state and in this Commonwealth, and shall have the power to approve\nsuch issue jointly with such commission or other agency or agencies and to issue\na joint certificate of such approval; provided, however, that no such joint\napproval shall be required in order to express the consent to and approval of\nsuch issue by the Commonwealth of Virginia if such issue is separately approved\nby the Commission.\n\nHISTORY: 1934, p. 223; Michie Code 1942, \u00a7 4073(5).","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}