{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-503.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-503.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-503.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-503.html"}],"law_id":65253,"edition_id":1,"section_id":65253,"structure_id":14091,"section_number":"56-503","catch_line":"Dissolution","history":"1950, p. 594; 1956, c. 434.","full_text":"A cooperative created hereunder may be dissolved in the manner prescribed by Article 16 (\u00a7 13.1-742 et seq.) of Chapter 9 or Article 13 (\u00a7 13.1-902 et seq.) of Chapter 10 of Title 13.1.","order_by":null,"text":{"0":{"id":237346,"text":"A cooperative created hereunder may be dissolved in the manner prescribed by Article 16 (\u00a7 13.1-742 et seq.) of Chapter 9 or Article 13 (\u00a7 13.1-902 et seq.) of Chapter 10 of Title 13.1.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14091,"edition_id":1,"name":"Telephone Cooperatives Act","identifier":"16","label":"chapter","depth":2,"order_by":1,"parent_id":12881,"metadata":{},"date_created":"2026-06-26 03:46:51","date_modified":"2026-06-26 03:46:51","permalink":{"id":250125,"object_type":"structure","relational_id":14091,"identifier":"16","token":"56\/16","url":"\/56\/16\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12881,"edition_id":1,"name":"Public Service Companies","identifier":"56","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:58","date_modified":"2026-06-26 03:43:58","permalink":{"id":248473,"object_type":"structure","relational_id":12881,"identifier":"56","token":"56","url":"\/56\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":63853,"structure_id":14091,"section_number":"56-485","catch_line":"Short title","url":"\/56-485\/","token":"56\/16\/56-485","metadata":false},{"id":85481,"structure_id":14091,"section_number":"56-486","catch_line":"Who may form cooperative; purpose","url":"\/56-486\/","token":"56\/16\/56-486","metadata":false},{"id":70906,"structure_id":14091,"section_number":"56-487","catch_line":"Definitions","url":"\/56-487\/","token":"56\/16\/56-487","metadata":false},{"id":76789,"structure_id":14091,"section_number":"56-488","catch_line":"Certificate of incorporation","url":"\/56-488\/","token":"56\/16\/56-488","metadata":false},{"id":74509,"structure_id":14091,"section_number":"56-489","catch_line":"Limitation of use of words \"telephone cooperative.\"","url":"\/56-489\/","token":"56\/16\/56-489","metadata":false},{"id":85742,"structure_id":14091,"section_number":"56-490","catch_line":"Filing certificate of incorporation","url":"\/56-490\/","token":"56\/16\/56-490","metadata":false},{"id":84965,"structure_id":14091,"section_number":"56-491","catch_line":"Board of directors; officers","url":"\/56-491\/","token":"56\/16\/56-491","metadata":false},{"id":77358,"structure_id":14091,"section_number":"56-492","catch_line":"Powers of board of directors","url":"\/56-492\/","token":"56\/16\/56-492","metadata":false},{"id":65385,"structure_id":14091,"section_number":"56-493","catch_line":"Membership; voting; nonprofit operation","url":"\/56-493\/","token":"56\/16\/56-493","metadata":false},{"id":64616,"structure_id":14091,"section_number":"56-494","catch_line":"Service to members; to nonmembers","url":"\/56-494\/","token":"56\/16\/56-494","metadata":false},{"id":87301,"structure_id":14091,"section_number":"56-495","catch_line":"Powers granted corporation","url":"\/56-495\/","token":"56\/16\/56-495","metadata":false},{"id":84850,"structure_id":14091,"section_number":"56-496","catch_line":"Disposition of property","url":"\/56-496\/","token":"56\/16\/56-496","metadata":false},{"id":68695,"structure_id":14091,"section_number":"56-497","catch_line":"Issue of obligations","url":"\/56-497\/","token":"56\/16\/56-497","metadata":false},{"id":67120,"structure_id":14091,"section_number":"56-498","catch_line":"Covenants","url":"\/56-498\/","token":"56\/16\/56-498","metadata":false},{"id":73742,"structure_id":14091,"section_number":"56-499","catch_line":"Purchase of own obligations","url":"\/56-499\/","token":"56\/16\/56-499","metadata":false},{"id":87088,"structure_id":14091,"section_number":"56-500","catch_line":"Consolidation or merger","url":"\/56-500\/","token":"56\/16\/56-500","metadata":false},{"id":77715,"structure_id":14091,"section_number":"56-501","catch_line":"Repealed","url":"\/56-501\/","token":"56\/16\/56-501","metadata":false},{"id":61079,"structure_id":14091,"section_number":"56-501.1","catch_line":"Payment of certain patronage capital to spouse or next of kin of deceased person","url":"\/56-501.1\/","token":"56\/16\/56-501.1","metadata":false},{"id":71418,"structure_id":14091,"section_number":"56-502","catch_line":"Regulation by State Corporation Commission","url":"\/56-502\/","token":"56\/16\/56-502","metadata":false},{"id":65253,"structure_id":14091,"section_number":"56-503","catch_line":"Dissolution","url":"\/56-503\/","token":"56\/16\/56-503","metadata":false},{"id":80777,"structure_id":14091,"section_number":"56-504","catch_line":"Charter amendments","url":"\/56-504\/","token":"56\/16\/56-504","metadata":false},{"id":86446,"structure_id":14091,"section_number":"56-505","catch_line":"Charter fees","url":"\/56-505\/","token":"56\/16\/56-505","metadata":false},{"id":72543,"structure_id":14091,"section_number":"56-506","catch_line":"Construction of chapter; conflicting laws","url":"\/56-506\/","token":"56\/16\/56-506","metadata":false},{"id":55217,"structure_id":14091,"section_number":"56-507","catch_line":"Adoption of provisions by existing corporation","url":"\/56-507\/","token":"56\/16\/56-507","metadata":false},{"id":81225,"structure_id":14091,"section_number":"56-508","catch_line":"Extension of service to territory not being served","url":"\/56-508\/","token":"56\/16\/56-508","metadata":false}],"previous_section":{"id":71418,"structure_id":14091,"section_number":"56-502","catch_line":"Regulation by State Corporation Commission","url":"\/56-502\/","token":"56\/16\/56-502","metadata":false},"next_section":{"id":80777,"structure_id":14091,"section_number":"56-504","catch_line":"Charter amendments","url":"\/56-504\/","token":"56\/16\/56-504","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-503\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 1956, chapter 434.<\/p>","references":false,"refers_to":[{"id":78573,"section_number":"13.1-742","catch_line":"Dissolution by directors and shareholders","order_by":null,"url":"\/13.1-742\/"},{"id":58171,"section_number":"13.1-902","catch_line":"Dissolution by directors and members","order_by":null,"url":"\/13.1-902\/"}],"permalink":{"id":250203,"object_type":"law","relational_id":65253,"identifier":"56-503","token":"56\/16\/56-503","url":"\/56-503\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-503\/","token":"56\/16\/56-503","dublin_core":{"Title":"Dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-503","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>A <span class=\"dictionary\">cooperative<\/span> created hereunder may be dissolved in the manner prescribed by Article 16 (\u00a7&nbsp;<a class=\"law\" title=\"Dissolution by directors and shareholders\" href=\"\/13.1-742\/\">13.1-742<\/a> et seq.) of Chapter 9 or Article 13 (\u00a7&nbsp;<a class=\"law\" title=\"Dissolution by directors and members\" href=\"\/13.1-902\/\">13.1-902<\/a> et seq.) of Chapter 10 of Title 13.1.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nDISSOLUTION (\u00a7 56-503)\n\nA cooperative created hereunder may be dissolved in the manner prescribed by\nArticle 16 (\u00a7 13.1-742 et seq.) of Chapter 9 or Article 13 (\u00a7 13.1-902 et\nseq.) of Chapter 10 of Title 13.1.\n\nHISTORY: 1950, p. 594; 1956, c. 434.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}