                                 CODE OF VIRGINIA

WHO MAY FORM COOPERATIVE; PURPOSE (§ 56-486)

Any number of natural persons not less than five may, by executing, filing and
recording a certificate as hereinafter set forth, form a cooperative, either
with or without capital stock, not organized for pecuniary profit, for the
purpose of promoting and encouraging the fullest possible use of telephone
service by making telephone service and facilities available at the lowest cost
consistent with sound economy and prudent management of the business of such
cooperatives.

HISTORY: 1950, p. 588; 1956, c. 434.