<?xml version="1.0"?>
<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>84419</law_id><section_number>56-74</section_number><catch_line>State not obligated to pay or guarantee</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>No provision of this chapter, and no deed or act done or performed under or in connection therewith, shall be held or construed to obligate the Commonwealth of Virginia to pay or guarantee, in any manner whatsoever, 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, authorized, issued or executed under the provisions of this chapter, nor shall any approval given under this chapter involve, or be construed or represented as involving, an expression of <span class="dictionary">opinion</span> on the part of the <span class="dictionary">Commission</span> as to value, and any <span class="dictionary">person</span> who shall make, directly or by implication, any statement or representation to the contrary shall be guilty of a <span class="dictionary">misdemeanor</span>.</p></section></text><history>1934, p. 226; Michie Code 1942, &#xA7; 4073(14).</history><metadata></metadata></law>
