{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/56-90.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/56-90.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/56-90.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/56-90.html"}],"law_id":66580,"edition_id":1,"section_id":66580,"structure_id":15494,"section_number":"56-90","catch_line":"Procedure for authority to acquire or dispose of utility assets or securities","history":"1940, p. 426; Michie Code 1942, \u00a7 3774o.","full_text":"Application for authority to acquire or dispose of utility assets or utility securities under \u00a7 56-89 shall be by petition to the Commission. The petition may be joint or several. It shall be signed and verified by the president or any vice-president and the secretary or any assistant secretary of the petitioner. The petition shall clearly summarize the object in view, the proposed procedure and the terms and conditions thereof. Upon the filing of the petition, if the Commission shall deem a hearing necessary, the Commission shall assign the matter for prompt hearing. If and when the Commission, with or without hearing, shall be satisfied that adequate service to the public at just and reasonable rates will not be impaired or jeopardized by granting the prayer of the petition, the Commission shall make such order in the premises as it may deem proper and the circumstances require, and thereupon it shall be lawful to do the things provided for in such order, subject, however, to the exception contained in \u00a7 56-89 as to counties and municipalities.","order_by":null,"text":{"0":{"id":241580,"text":"Application for authority to acquire or dispose of utility assets or utility securities under \u00a7 56-89 shall be by petition to the Commission. The petition may be joint or several. It shall be signed and verified by the president or any vice-president and the secretary or any assistant secretary of the petitioner. The petition shall clearly summarize the object in view, the proposed procedure and the terms and conditions thereof. Upon the filing of the petition, if the Commission shall deem a hearing necessary, the Commission shall assign the matter for prompt hearing. If and when the Commission, with or without hearing, shall be satisfied that adequate service to the public at just and reasonable rates will not be impaired or jeopardized by granting the prayer of the petition, the Commission shall make such order in the premises as it may deem proper and the circumstances require, and thereupon it shall be lawful to do the things provided for in such order, subject, however, to the exception contained in \u00a7 56-89 as to counties and municipalities.","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":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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/56-90\/","history_text":false,"references":[{"id":86105,"section_number":"56-590","catch_line":"Divestiture, functional separation and other corporate relationships","order_by":null,"url":"\/56-590\/"},{"id":72109,"section_number":"56-88.1","catch_line":"Acquisition or disposition of control of a public utility","order_by":null,"url":"\/56-88.1\/"},{"id":78787,"section_number":"56-90.1","catch_line":"Sale of utility assets or undivided fractional interest therein; taxation","order_by":null,"url":"\/56-90.1\/"},{"id":79669,"section_number":"56-90.2","catch_line":"Fair market valuations of water and sewer utility asset acquisitions","order_by":null,"url":"\/56-90.2\/"}],"refers_to":[{"id":83839,"section_number":"56-89","catch_line":"Acquisition or disposition of utility assets or utility securities","order_by":null,"url":"\/56-89\/"}],"permalink":{"id":251161,"object_type":"law","relational_id":66580,"identifier":"56-90","token":"56\/5\/56-90","url":"\/56-90\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/56-90\/","token":"56\/5\/56-90","dublin_core":{"Title":"Procedure for authority to acquire or dispose of utility assets or securities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 56-90","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Application for authority to acquire<\/span> or dispose of<\/span> utility assets<\/span> or utility securities under \u00a7 56-89<\/a> shall be by petition<\/span> to the Commission<\/span>. The petition<\/span> may be joint or several. It shall be signed and verified by the president or any vice-president and the secretary or any assistant secretary of the petitioner. The petition<\/span> shall clearly summarize the object<\/span> in view, the proposed procedure and the terms and conditions thereof. Upon the filing of the petition<\/span>, if the Commission<\/span> shall deem a hearing<\/span> necessary, the Commission<\/span> shall assign the matter for prompt hearing<\/span>. If and when the Commission<\/span>, with or without hearing<\/span>, shall be satisfied that adequate service to the public at just and reasonable rates<\/span> will not be impaired or jeopardized by granting the prayer of the petition<\/span>, the Commission<\/span> shall make such order<\/span> in the premises as it may deem proper and the circumstances require, and thereupon it shall be lawful to do the things provided for in such order<\/span>, subject, however, to the exception contained in \u00a7 56-89<\/a> as to counties and municipalities.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPROCEDURE FOR AUTHORITY TO ACQUIRE OR DISPOSE OF UTILITY ASSETS OR SECURITIES\n(\u00a7 56-90)\n\nApplication for authority to acquire or dispose of utility assets or utility\nsecurities under \u00a7 56-89 shall be by petition to the Commission. The petition\nmay be joint or several. It shall be signed and verified by the president or any\nvice-president and the secretary or any assistant secretary of the petitioner.\nThe petition shall clearly summarize the object in view, the proposed procedure\nand the terms and conditions thereof. Upon the filing of the petition, if the\nCommission shall deem a hearing necessary, the Commission shall assign the\nmatter for prompt hearing. If and when the Commission, with or without hearing,\nshall be satisfied that adequate service to the public at just and reasonable\nrates will not be impaired or jeopardized by granting the prayer of the\npetition, the Commission shall make such order in the premises as it may deem\nproper and the circumstances require, and thereupon it shall be lawful to do the\nthings provided for in such order, subject, however, to the exception contained\nin \u00a7 56-89 as to counties and municipalities.\n\nHISTORY: 1940, p. 426; Michie Code 1942, \u00a7 3774o.","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}}