                                 CODE OF VIRGINIA

EFFECT OF DISSOLUTION OF PUBLIC SERVICE CORPORATION (§ 56-13)

When any public service corporation shall expire or be dissolved, or its
corporate rights and privileges shall have ceased, all of its works and
property, and debts due to it, shall be subject to the payment of debts due by
it, and then to distribution among the members or stockholders, according to
their respective interests. Such corporation may sue and be sued as before for
the purpose of collecting debts due to it, prosecuting rights under previous
contracts with it, enforcing its liability, and distributing the proceeds of its
works, property, and debts among those entitled thereto. Notice to or process
against such company, if necessary in any suit or civil proceeding, shall be
sufficiently served by publication thereof once a week for four successive weeks
in some newspaper published in the county or corporation wherein the suit or
proceeding is; or, if there be no newspaper published in such county or
corporation, in a newspaper published in some neighboring county or corporation
in this Commonwealth, to be designated by the clerk of the court in which such
suit or proceeding is.

HISTORY: Code 1919, § 3899.