                                 CODE OF VIRGINIA

JOINT ACTION WITH COMMISSION OF ANOTHER STATE (§ 56-62)

If a commission or other agency or agencies is empowered by another state to
regulate and control the amount and character of securities to be issued by any
public service company within such other state, then the Commission shall have
the power to agree with such other commission or other agency or agencies of
such other state on the issuance of stocks or stock certificates or other
evidences of interest or ownership, and bonds, notes or other evidences of
indebtedness by a public service company owning or operating a public utility
both in such state and in this Commonwealth, and shall have the power to approve
such issue jointly with such commission or other agency or agencies and to issue
a joint certificate of such approval; provided, however, that no such joint
approval shall be required in order to express the consent to and approval of
such issue by the Commonwealth of Virginia if such issue is separately approved
by the Commission.

HISTORY: 1934, p. 223; Michie Code 1942, § 4073(5).