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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>86562</law_id><section_number>56-73</section_number><catch_line>Penalty as to officers, etc., for violation of provisions of chapter</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="56">Public Service Companies</unit><unit label="chapter" level="2" order_by="1" identifier="3">Issuance of Stocks, Bonds, Etc.</unit></structure><text>
						<section><p>Every officer, agent or employee of a <span class="dictionary">public service company</span>, and every other <span class="dictionary">person</span> (1) who knowingly authorizes, directs, aids in, <span class="dictionary">issues</span> or executes, or causes to be issued or executed, any stock or stock certificate or other <span class="dictionary">evidence</span> of interest or ownership, or <span class="dictionary">bond</span>, note or other <span class="dictionary">evidence</span> of indebtedness, otherwise than in conformity with the <span class="dictionary">order</span> of the <span class="dictionary">Commission</span> authorizing the same, or contrary to the provisions of this chapter; or (2) who, in any proceedings before the <span class="dictionary">Commission</span>, knowingly makes any false statement or representation or, with knowledge of its falsity, files or causes to be filed with the <span class="dictionary">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 <span class="dictionary">Commission</span> to make an <span class="dictionary">order</span> authorizing the issuance of any stock or stock certificate or other <span class="dictionary">evidence</span> of interest or ownership, or any <span class="dictionary">bond</span>, note, or other <span class="dictionary">evidence</span> of indebtedness, or which results in procuring from the <span class="dictionary">Commission</span> the making of any such <span class="dictionary">order</span>; or (3) who, with knowledge that any false statement or representation was made to the <span class="dictionary">Commission</span> in any proceedings tending in any way to influence the <span class="dictionary">Commission</span> to make such <span class="dictionary">order</span>, <span class="dictionary">issues</span> or executes or originally negotiates, or causes to be issued, executed or originally negotiated any such stock or stock certificate or other <span class="dictionary">evidence</span> of interest or ownership, or <span class="dictionary">bond</span>, note or other <span class="dictionary">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 <span class="dictionary">evidence</span> of interest or ownership, or <span class="dictionary">bond</span>, note or other <span class="dictionary">evidence</span> of indebtedness, to any purpose not specified in the <span class="dictionary">Commission</span>&#x2019;s <span class="dictionary">order</span> or to any purpose specified in the <span class="dictionary">Commission</span>&#x2019;s <span class="dictionary">order</span> in excess of the amount authorized for such purpose; or (5) who, with knowledge that any stock or stock certificate or other <span class="dictionary">evidence</span> of interest or ownership, or <span class="dictionary">bond</span>, note or other <span class="dictionary">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 <span class="dictionary">misdemeanor</span>.</p></section></text><history>1934, p. 225; Michie Code 1942, &#xA7; 4073(13).</history><metadata></metadata></law>
