                                 CODE OF VIRGINIA

DEFINITIONS (§ 56-88)

In this chapter the following terms shall have the following meanings:

&#8220;Acquire&#8221; or &#8220;acquisition&#8221; includes any purchase or
other acquisition, whether by payment, exchange, gift, conveyance, lease,
license, merger, consolidation or otherwise.

&#8220;Company&#8221; means a corporation, a partnership, an association, a
joint-stock company, a business trust or an organized group of persons, whether
incorporated or not; or any receiver, trustee or other liquidating agent of any
of the foregoing in his capacity as such; but not a municipal corporation or
county.

&#8220;Dispose of&#8221; or &#8220;disposition&#8221; includes any sale or other
disposition, whether by payment, exchange, gift, conveyance, lease, license,
merger, consolidation or otherwise.

&#8220;Public utility&#8221; means any company which owns or operates facilities
within the Commonwealth for the generation, transmission or distribution of
electric energy for sale; for the production, transmission or distribution,
otherwise than in enclosed portable containers, of natural or manufactured gas
for sale for heat, light or power, but excluding any company described in
subdivision (b)(8) or (b)(10) of § 56-265.1; or for the furnishing of sewerage
facilities or water.

&#8220;Utility assets&#8221; means the facilities in place of any public utility
or municipality for the production, transmission or distribution of electric
energy or natural or manufactured gas, or for the furnishing of sewerage
facilities or water.

&#8220;Utility security&#8221; means any note, draft, debenture, bond, share of
stock, certificate, collateral trust certificate, preorganization certificate or
subscription, transferable share, investment contract, receiver&#8217;s or
trustee&#8217;s certificate or any other instrument or interest commonly known
as a security which is issued, assumed or guaranteed by any public utility or
any company which would be a public utility if the facilities owned or operated
by it were within the Commonwealth, or any company substantially engaged in the
ownership of any of the aforesaid securities or in supplying management or
advice to any of the aforesaid companies; or any certificate of deposit for,
voting trust certificate for, certificate of interest or participation in,
temporary or interim certificate for, receipt for, guaranty of, assumption of
liability on, or warrant or right to subscribe to or purchase or acquire, any of
the aforesaid securities.

HISTORY: 1940, p. 425; Michie Code 1942, § 3774l; 1992, c. 376; 2000, cc. 528,
543; 2009, c. 746.