{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-60.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-60.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-60.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-60.html"}],"law_id":63271,"edition_id":1,"section_id":63271,"structure_id":13407,"section_number":"56-60","catch_line":"Application for order authorizing issuance of securities or assumption of liabilities","history":"1934, p. 222; Michie Code 1942, \u00a7 4073(5).","full_text":"An application for an order authorizing the issue of such stocks and stock certificates or other evidences of interest or ownership, and bonds, notes or other evidences of indebtedness for any purpose described in \u00a7 56-58 or the assumption of the obligations or liabilities of any other person, firm, association or corporation as provided in \u00a7 56-59 shall be made to the Commission stating the amount, character, terms and purposes of the stocks, stock certificates or other evidences of interest or ownership, and bonds, notes and other evidences of indebtedness to be issued or assumed, and stating such other pertinent details as the Commission may require.","order_by":null,"text":{"0":{"id":230604,"text":"An application for an order authorizing the issue of such stocks and stock certificates or other evidences of interest or ownership, and bonds, notes or other evidences of indebtedness for any purpose described in \u00a7 56-58 or the assumption of the obligations or liabilities of any other person, firm, association or corporation as provided in \u00a7 56-59 shall be made to the Commission stating the amount, character, terms and purposes of the stocks, stock certificates or other evidences of interest or ownership, and bonds, notes and other evidences of indebtedness to be issued or assumed, and stating such other pertinent details as the Commission may require.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":13407,"edition_id":1,"name":"Issuance of Stocks, Bonds, Etc.","identifier":"3","label":"chapter","depth":2,"order_by":1,"parent_id":12881,"metadata":{},"date_created":"2026-06-26 03:44:50","date_modified":"2026-06-26 03:44:50","permalink":{"id":250983,"object_type":"structure","relational_id":13407,"identifier":"3","token":"56\/3","url":"\/56\/3\/","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":63393,"structure_id":13407,"section_number":"56-55","catch_line":"Definitions","url":"\/56-55\/","token":"56\/3\/56-55","metadata":false},{"id":79449,"structure_id":13407,"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":61976,"structure_id":13407,"section_number":"56-57","catch_line":"Securities to which chapter is applicable","url":"\/56-57\/","token":"56\/3\/56-57","metadata":false},{"id":67371,"structure_id":13407,"section_number":"56-58","catch_line":"Purposes for which stock, etc., may issue","url":"\/56-58\/","token":"56\/3\/56-58","metadata":false},{"id":55890,"structure_id":13407,"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":63271,"structure_id":13407,"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":60189,"structure_id":13407,"section_number":"56-61","catch_line":"Action of Commission on such application","url":"\/56-61\/","token":"56\/3\/56-61","metadata":false},{"id":76140,"structure_id":13407,"section_number":"56-62","catch_line":"Joint action with commission of another state","url":"\/56-62\/","token":"56\/3\/56-62","metadata":false},{"id":56885,"structure_id":13407,"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":64916,"structure_id":13407,"section_number":"56-64","catch_line":"Repealed","url":"\/56-64\/","token":"56\/3\/56-64","metadata":false},{"id":69084,"structure_id":13407,"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":false},{"id":77168,"structure_id":13407,"section_number":"56-65.1","catch_line":"Short-term indebtedness","url":"\/56-65.1\/","token":"56\/3\/56-65.1","metadata":false},{"id":67701,"structure_id":13407,"section_number":"56-65.2","catch_line":"Repealed","url":"\/56-65.2\/","token":"56\/3\/56-65.2","metadata":false},{"id":71883,"structure_id":13407,"section_number":"56-66","catch_line":"No authority to capitalize permit, franchise or contract for consolidation","url":"\/56-66\/","token":"56\/3\/56-66","metadata":false},{"id":81486,"structure_id":13407,"section_number":"56-67","catch_line":"Issuance of securities or assumption of liability void if order not obtained","url":"\/56-67\/","token":"56\/3\/56-67","metadata":false},{"id":82637,"structure_id":13407,"section_number":"56-67.1","catch_line":"Validity of authorized securities","url":"\/56-67.1\/","token":"56\/3\/56-67.1","metadata":false},{"id":54376,"structure_id":13407,"section_number":"56-68","catch_line":"No licensed salesman required when securities approved under this chapter","url":"\/56-68\/","token":"56\/3\/56-68","metadata":false},{"id":75000,"structure_id":13407,"section_number":"56-69","catch_line":"Purposes to which proceeds of security issues may be applied","url":"\/56-69\/","token":"56\/3\/56-69","metadata":false},{"id":80612,"structure_id":13407,"section_number":"56-70","catch_line":"Accounting for disposition of proceeds of issue of securities","url":"\/56-70\/","token":"56\/3\/56-70","metadata":false},{"id":78258,"structure_id":13407,"section_number":"56-71","catch_line":"Violations of provisions of chapter; penalty","url":"\/56-71\/","token":"56\/3\/56-71","metadata":false},{"id":67116,"structure_id":13407,"section_number":"56-72","catch_line":"Acts of officers, etc., bind company","url":"\/56-72\/","token":"56\/3\/56-72","metadata":false},{"id":86562,"structure_id":13407,"section_number":"56-73","catch_line":"Penalty as to officers, etc., for violation of provisions of chapter","url":"\/56-73\/","token":"56\/3\/56-73","metadata":false},{"id":84419,"structure_id":13407,"section_number":"56-74","catch_line":"State not obligated to pay or guarantee","url":"\/56-74\/","token":"56\/3\/56-74","metadata":false},{"id":69201,"structure_id":13407,"section_number":"56-75","catch_line":"Fees in connection with applications for authority to issue securities","url":"\/56-75\/","token":"56\/3\/56-75","metadata":false}],"previous_section":{"id":55890,"structure_id":13407,"section_number":"56-59","catch_line":"Order required before acting as surety, guarantor, etc","url":"\/56-59\/","token":"56\/3\/56-59","metadata":false},"next_section":{"id":60189,"structure_id":13407,"section_number":"56-61","catch_line":"Action of Commission on such application","url":"\/56-61\/","token":"56\/3\/56-61","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-60\/","history_text":false,"references":[{"id":60189,"section_number":"56-61","catch_line":"Action of Commission on such application","order_by":null,"url":"\/56-61\/"},{"id":56885,"section_number":"56-63","catch_line":"Appeal from decision of Commission on issuance of securities","order_by":null,"url":"\/56-63\/"}],"refers_to":[{"id":67371,"section_number":"56-58","catch_line":"Purposes for which stock, etc., may issue","order_by":null,"url":"\/56-58\/"},{"id":55890,"section_number":"56-59","catch_line":"Order required before acting as surety, guarantor, etc","order_by":null,"url":"\/56-59\/"}],"permalink":{"id":251005,"object_type":"law","relational_id":63271,"identifier":"56-60","token":"56\/3\/56-60","url":"\/56-60\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-60\/","token":"56\/3\/56-60","dublin_core":{"Title":"Application for order authorizing issuance of securities or assumption of liabilities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-60","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>An application for an <span class=\"dictionary\">order<\/span> authorizing the <span class=\"dictionary\">issue<\/span> of such stocks and stock certificates or other <span class=\"dictionary\">evidences<\/span> of interest or ownership, and <span class=\"dictionary\">bonds<\/span>, notes or other <span class=\"dictionary\">evidences<\/span> of indebtedness for any purpose described in \u00a7&nbsp;<a class=\"law\" title=\"Purposes for which stock, etc., may issue\" href=\"\/56-58\/\">56-58<\/a> or the assumption of the obligations or liabilities of any other <span class=\"dictionary\">person<\/span>, firm, association or <span class=\"dictionary\">corporation<\/span> as provided in \u00a7&nbsp;<a class=\"law\" title=\"Order required before acting as surety, guarantor, etc\" href=\"\/56-59\/\">56-59<\/a> shall be made to the <span class=\"dictionary\">Commission<\/span> stating the amount, character, terms and purposes of the stocks, stock certificates or other <span class=\"dictionary\">evidences<\/span> of interest or ownership, and <span class=\"dictionary\">bonds<\/span>, notes and other <span class=\"dictionary\">evidences<\/span> of indebtedness to be issued or assumed, and stating such other pertinent details as the <span class=\"dictionary\">Commission<\/span> may require.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nAPPLICATION FOR ORDER AUTHORIZING ISSUANCE OF SECURITIES OR ASSUMPTION OF\nLIABILITIES (\u00a7 56-60)\n\nAn application for an order authorizing the issue of such stocks and stock\ncertificates or other evidences of interest or ownership, and bonds, notes or\nother evidences of indebtedness for any purpose described in \u00a7 56-58 or the\nassumption of the obligations or liabilities of any other person, firm,\nassociation or corporation as provided in \u00a7 56-59 shall be made to the\nCommission stating the amount, character, terms and purposes of the stocks,\nstock certificates or other evidences of interest or ownership, and bonds, notes\nand other evidences of indebtedness to be issued or assumed, and stating such\nother pertinent details as the Commission may require.\n\nHISTORY: 1934, p. 222; Michie Code 1942, \u00a7 4073(5).","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}}