{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-73.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-73.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-73.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-73.html"}],"law_id":86562,"edition_id":1,"section_id":86562,"structure_id":13407,"section_number":"56-73","catch_line":"Penalty as to officers, etc., for violation of provisions of chapter","history":"1934, p. 225; Michie Code 1942, \u00a7 4073(13).","full_text":"Every officer, agent or employee of a public service company, and every other person (1) who knowingly authorizes, directs, aids in, issues or executes, or causes to be issued or executed, any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, otherwise than in conformity with the order of the Commission authorizing the same, or contrary to the provisions of this chapter; or (2) who, in any proceedings before the Commission, knowingly makes any false statement or representation or, with knowledge of its falsity, files or causes to be filed with the Commission any false statement or representation which statement or representation so made, filed or caused to be filed may tend in any way to influence the Commission to make an order authorizing the issuance of any stock or stock certificate or other evidence of interest or ownership, or any bond, note, or other evidence of indebtedness, or which results in procuring from the Commission the making of any such order; or (3) who, with knowledge that any false statement or representation was made to the Commission in any proceedings tending in any way to influence the Commission to make such order, issues or executes or originally negotiates, or causes to be issued, executed or originally negotiated any such stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness; or (4) who, directly or indirectly, knowingly applies, or causes or assists to be applied the proceeds, or any part thereof, from the sale of any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, to any purpose not specified in the Commission’s order or to any purpose specified in the Commission’s order in excess of the amount authorized for such purpose; or (5) who, with knowledge that any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, has been issued or executed in violation of any of the provisions of this chapter, originally negotiates the same, or causes the same to be originally negotiated, shall be guilty of a misdemeanor.","order_by":null,"text":{"0":{"id":310063,"text":"Every officer, agent or employee of a public service company, and every other person (1) who knowingly authorizes, directs, aids in, issues or executes, or causes to be issued or executed, any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, otherwise than in conformity with the order of the Commission authorizing the same, or contrary to the provisions of this chapter; or (2) who, in any proceedings before the Commission, knowingly makes any false statement or representation or, with knowledge of its falsity, files or causes to be filed with the Commission any false statement or representation which statement or representation so made, filed or caused to be filed may tend in any way to influence the Commission to make an order authorizing the issuance of any stock or stock certificate or other evidence of interest or ownership, or any bond, note, or other evidence of indebtedness, or which results in procuring from the Commission the making of any such order; or (3) who, with knowledge that any false statement or representation was made to the Commission in any proceedings tending in any way to influence the Commission to make such order, issues or executes or originally negotiates, or causes to be issued, executed or originally negotiated any such stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness; or (4) who, directly or indirectly, knowingly applies, or causes or assists to be applied the proceeds, or any part thereof, from the sale of any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, to any purpose not specified in the Commission’s order or to any purpose specified in the Commission’s order in excess of the amount authorized for such purpose; or (5) who, with knowledge that any stock or stock certificate or other evidence of interest or ownership, or bond, note or other evidence of indebtedness, has been issued or executed in violation of any of the provisions of this chapter, originally negotiates the same, or causes the same to be originally negotiated, shall be guilty of a misdemeanor.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-73\/","history_text":false,"references":false,"refers_to":false,"permalink":{"id":251069,"object_type":"law","relational_id":86562,"identifier":"56-73","token":"56\/3\/56-73","url":"\/56-73\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-73\/","token":"56\/3\/56-73","dublin_core":{"Title":"Penalty as to officers, etc., for violation of provisions of chapter","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-73","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Every officer, agent or employee of a public service company<\/span>, and every other person<\/span> (1) who knowingly authorizes, directs, aids in, issues<\/span> or executes, or causes to be issued or executed, any stock or stock certificate or other evidence<\/span> of interest or ownership, or bond<\/span>, note or other evidence<\/span> of indebtedness, otherwise than in conformity with the order<\/span> of the Commission<\/span> authorizing the same, or contrary to the provisions of this chapter; or (2) who, in any proceedings before the Commission<\/span>, knowingly makes any false statement or representation or, with knowledge of its falsity, files or causes to be filed with the Commission<\/span> any false statement or representation which statement or representation so made, filed or caused to be filed may tend in any way to influence the Commission<\/span> to make an order<\/span> authorizing the issuance of any stock or stock certificate or other evidence<\/span> of interest or ownership, or any bond<\/span>, note, or other evidence<\/span> of indebtedness, or which results in procuring from the Commission<\/span> the making of any such order<\/span>; or (3) who, with knowledge that any false statement or representation was made to the Commission<\/span> in any proceedings tending in any way to influence the Commission<\/span> to make such order<\/span>, issues<\/span> or executes or originally negotiates, or causes to be issued, executed or originally negotiated any such stock or stock certificate or other evidence<\/span> of interest or ownership, or bond<\/span>, note or other evidence<\/span> of indebtedness; or (4) who, directly or indirectly, knowingly applies, or causes or assists to be applied the proceeds, or any part thereof, from the sale of any stock or stock certificate or other evidence<\/span> of interest or ownership, or bond<\/span>, note or other evidence<\/span> of indebtedness, to any purpose not specified in the Commission<\/span>’s order<\/span> or to any purpose specified in the Commission<\/span>’s order<\/span> in excess of the amount authorized for such purpose; or (5) who, with knowledge that any stock or stock certificate or other evidence<\/span> of interest or ownership, or bond<\/span>, note or other evidence<\/span> of indebtedness, has been issued or executed in violation of any of the provisions of this chapter, originally negotiates the same, or causes the same to be originally negotiated, shall be guilty of a misdemeanor<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPENALTY AS TO OFFICERS, ETC., FOR VIOLATION OF PROVISIONS OF CHAPTER (\u00a7 56-73)\n\nEvery officer, agent or employee of a public service company, and every other\nperson (1) who knowingly authorizes, directs, aids in, issues or executes, or\ncauses to be issued or executed, any stock or stock certificate or other\nevidence of interest or ownership, or bond, note or other evidence of\nindebtedness, otherwise than in conformity with the order of the Commission\nauthorizing the same, or contrary to the provisions of this chapter; or (2) who,\nin any proceedings before the Commission, knowingly makes any false statement or\nrepresentation or, with knowledge of its falsity, files or causes to be filed\nwith the Commission any false statement or representation which statement or\nrepresentation so made, filed or caused to be filed may tend in any way to\ninfluence the Commission to make an order authorizing the issuance of any stock\nor stock certificate or other evidence of interest or ownership, or any bond,\nnote, or other evidence of indebtedness, or which results in procuring from the\nCommission the making of any such order; or (3) who, with knowledge that any\nfalse statement or representation was made to the Commission in any proceedings\ntending in any way to influence the Commission to make such order, issues or\nexecutes or originally negotiates, or causes to be issued, executed or\noriginally negotiated any such stock or stock certificate or other evidence of\ninterest or ownership, or bond, note or other evidence of indebtedness; or (4)\nwho, directly or indirectly, knowingly applies, or causes or assists to be\napplied the proceeds, or any part thereof, from the sale of any stock or stock\ncertificate or other evidence of interest or ownership, or bond, note or other\nevidence of indebtedness, to any purpose not specified in the Commission’s\norder or to any purpose specified in the Commission’s order in excess of\nthe amount authorized for such purpose; or (5) who, with knowledge that any\nstock or stock certificate or other evidence of interest or ownership, or bond,\nnote or other evidence of indebtedness, has been issued or executed in violation\nof any of the provisions of this chapter, originally negotiates the same, or\ncauses the same to be originally negotiated, shall be guilty of a misdemeanor.\n\nHISTORY: 1934, p. 225; Michie Code 1942, \u00a7 4073(13).","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}}