{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-89.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-89.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-89.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-89.html"}],"law_id":83839,"edition_id":1,"section_id":83839,"structure_id":15494,"section_number":"56-89","catch_line":"Acquisition or disposition of utility assets or utility securities","history":"1940, p. 426; Michie Code 1942, \u00a7 3774m.","full_text":"It shall be unlawful for any public utility, directly or indirectly, to acquire or dispose of any utility assets situated within the Commonwealth or any utility securities of any other company unless such acquisition or disposition shall have been authorized by the Commission. If and when so authorized by the Commission, any public utility may acquire or dispose of any such utility assets or utility securities; but no such authorization by the Commission shall confer upon any county or municipality authority, other than that otherwise conferred by law, to acquire or to dispose of any utility assets or utility securities.","order_by":null,"text":{"0":{"id":300517,"text":"It shall be unlawful for any public utility, directly or indirectly, to acquire or dispose of any utility assets situated within the Commonwealth or any utility securities of any other company unless such acquisition or disposition shall have been authorized by the Commission. If and when so authorized by the Commission, any public utility may acquire or dispose of any such utility assets or utility securities; but no such authorization by the Commission shall confer upon any county or municipality authority, other than that otherwise conferred by law, to acquire or to dispose of any utility assets or utility securities.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15494,"edition_id":1,"name":"Utility Transfers Act","identifier":"5","label":"chapter","depth":2,"order_by":1,"parent_id":12881,"metadata":{},"date_created":"2026-06-26 03:55:33","date_modified":"2026-06-26 03:55:33","permalink":{"id":251147,"object_type":"structure","relational_id":15494,"identifier":"5","token":"56\/5","url":"\/56\/5\/","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":79652,"structure_id":15494,"section_number":"56-88","catch_line":"Definitions","url":"\/56-88\/","token":"56\/5\/56-88","metadata":false},{"id":72109,"structure_id":15494,"section_number":"56-88.1","catch_line":"Acquisition or disposition of control of a public utility","url":"\/56-88.1\/","token":"56\/5\/56-88.1","metadata":false},{"id":83839,"structure_id":15494,"section_number":"56-89","catch_line":"Acquisition or disposition of utility assets or utility securities","url":"\/56-89\/","token":"56\/5\/56-89","metadata":false},{"id":66580,"structure_id":15494,"section_number":"56-90","catch_line":"Procedure for authority to acquire or dispose of utility assets or securities","url":"\/56-90\/","token":"56\/5\/56-90","metadata":false},{"id":78787,"structure_id":15494,"section_number":"56-90.1","catch_line":"Sale of utility assets or undivided fractional interest therein; taxation","url":"\/56-90.1\/","token":"56\/5\/56-90.1","metadata":false},{"id":79669,"structure_id":15494,"section_number":"56-90.2","catch_line":"Fair market valuations of water and sewer utility asset acquisitions","url":"\/56-90.2\/","token":"56\/5\/56-90.2","metadata":false},{"id":59052,"structure_id":15494,"section_number":"56-91","catch_line":"Violations of chapter","url":"\/56-91\/","token":"56\/5\/56-91","metadata":false},{"id":62643,"structure_id":15494,"section_number":"56-92","catch_line":"Short title","url":"\/56-92\/","token":"56\/5\/56-92","metadata":false}],"previous_section":{"id":72109,"structure_id":15494,"section_number":"56-88.1","catch_line":"Acquisition or disposition of control of a public utility","url":"\/56-88.1\/","token":"56\/5\/56-88.1","metadata":false},"next_section":{"id":66580,"structure_id":15494,"section_number":"56-90","catch_line":"Procedure for authority to acquire or dispose of utility assets or securities","url":"\/56-90\/","token":"56\/5\/56-90","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-89\/","history_text":false,"references":[{"id":66580,"section_number":"56-90","catch_line":"Procedure for authority to acquire or dispose of utility assets or securities","order_by":null,"url":"\/56-90\/"},{"id":59052,"section_number":"56-91","catch_line":"Violations of chapter","order_by":null,"url":"\/56-91\/"}],"refers_to":false,"permalink":{"id":251157,"object_type":"law","relational_id":83839,"identifier":"56-89","token":"56\/5\/56-89","url":"\/56-89\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-89\/","token":"56\/5\/56-89","dublin_core":{"Title":"Acquisition or disposition of utility assets or utility securities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-89","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

It shall be unlawful for any public utility<\/span>, directly or indirectly, to acquire<\/span> or dispose of<\/span> any utility assets<\/span> situated within the Commonwealth or any utility securities of any other company<\/span> unless such acquisition<\/span> or disposition<\/span> shall have been authorized by the Commission<\/span>. If and when so authorized by the Commission<\/span>, any public utility<\/span> may acquire<\/span> or dispose of<\/span> any such utility assets<\/span> or utility securities; but no such authorization by the Commission<\/span> shall confer upon any county or municipality<\/span> authority, other than that otherwise conferred by law<\/span>, to acquire<\/span> or to dispose of<\/span> any utility assets<\/span> or utility securities.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nACQUISITION OR DISPOSITION OF UTILITY ASSETS OR UTILITY SECURITIES (\u00a7 56-89)\n\nIt shall be unlawful for any public utility, directly or indirectly, to acquire\nor dispose of any utility assets situated within the Commonwealth or any utility\nsecurities of any other company unless such acquisition or disposition shall\nhave been authorized by the Commission. If and when so authorized by the\nCommission, any public utility may acquire or dispose of any such utility assets\nor utility securities; but no such authorization by the Commission shall confer\nupon any county or municipality authority, other than that otherwise conferred\nby law, to acquire or to dispose of any utility assets or utility securities.\n\nHISTORY: 1940, p. 426; Michie Code 1942, \u00a7 3774m.","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}}