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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>348777</law_id><section_number>15.2-5418</section_number><catch_line>Bondholders&amp;#8217; and trustees&amp;#8217; remedies</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="46" identifier="15.2">Counties, Cities and Towns</unit><unit label="subtitle" level="2" order_by="4" identifier="IV">Other Governmental Entities</unit><unit label="chapter" level="3" order_by="13" identifier="54">Electric Authorities Act</unit></structure><text>
						<section><p>Any holder of <span class="dictionary"><span class="dictionary">bonds</span></span> issued under the provisions of this chapter or any of the coupons appertaining thereto, and the trustee under any trust agreement, except to the extent the rights herein given may be restricted by such trust agreement or the resolution authorizing the issuance of such <span class="dictionary"><span class="dictionary">bonds</span></span>, may, either at <span class="dictionary">law</span> or in <span class="dictionary">equity</span>, by suit, action, mandamus or other proceeding, protect and enforce any and all rights under the <span class="dictionary">laws</span> of the Commonwealth or granted hereunder, or, to the extent permitted by <span class="dictionary">law</span>, under such trust agreement or resolution authorizing the issuance of such <span class="dictionary"><span class="dictionary">bonds</span></span> or under any agreement or other <span class="dictionary">contract</span> executed by the <span class="dictionary">authority</span> pursuant to this chapter, and may enforce and compel the performance of all duties required by this chapter or by such trust agreement or resolution to be performed by any <span class="dictionary">authority</span> or by any officer thereof, including the fixing, charging and collecting of rents, rates, fees and charges for the purchase of output or capacity of any <span class="dictionary">project</span> or for the use of or for the electric power and energy or services furnished by any <span class="dictionary">project</span>.</p></section></text><history>1979, c. 416, &#xA7; 15.1-1621; 1997, c. 587.</history><metadata></metadata></law>
