Acquisition or disposition of utility assets or utility securities (§ 56-89)—Virginia Decoded

Acquisition or disposition of utility assets or utility securities

It shall be unlawful for any public utility, directly or indirectly, to acquire or dispose of any utility assets situated within the Commonwealth or any utility securities of any other company unless such acquisition or disposition shall have been authorized by the Commission. If and when so authorized by the Commission, any public utility may acquire or dispose of any such utility assets or utility securities; but no such authorization by the Commission shall confer upon any county or municipality authority, other than that otherwise conferred by law, to acquire or to dispose of any utility assets or utility securities.

History

1940, p. 426; Michie Code 1942, § 3774m.

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Court Decisions

. . . United States v. Virginia Erection Corporation and John P. . . . (Court of Appeals for the Fourth Circuit, 08/05/64)
. . . (9 Cir.), cert. denied, 323 U.S. 723, 65 S.Ct. 56, 89 L.Ed. 581 (1944); Eury v. Huff, 141 F.2d 554 . . .

. . . Gordon O. White, M.D., D/B/A Gordon O. White v. Rockingham . . . (Court of Appeals for the Fourth Circuit, 05/27/87)
. . . Corporation, 475 U.S. 574, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986). When the moving party . . .

. . . Service & Training, Incorporated Robert J. Montgomery v. . . . (Court of Appeals for the Fourth Circuit, 05/06/92)
. . . Corp., 475 U.S. 574, 585-87, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986). We conclude that . . .

. . . Stephen Jay Photography, Ltd. Larry Lemasters, Individually . . . (Court of Appeals for the Fourth Circuit, 06/21/90)
. . . Corp., 475 U.S. 574, 585-86, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986). "[C]onduct as . . .

. . . Abcor Corporation James G. Kibler, Sr. v. Am International, . . . (Court of Appeals for the Fourth Circuit, 11/06/90)
. . . Corp., 475 U.S. 574, 586, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986). We review the decision . . .

. . . At&T Wireless PCs, Inc. v. City Council of City of Virginia . . . (District Court, E.D. Virginia, 09/24/97)
. . . Radio Corp. 475 U.S. 574, 586, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986). . . .

. . . Resolution Trust Corporation, as Conservator for . . . (Court of Appeals for the Fourth Circuit, 07/28/94)
. . . Id. at ---- - ----, 114 S.Ct. at 2055-56. . . .

NAT. COAL. DISABILITIES ED & LEGAL DEFENSE v. Allen (District Court, E.D. Virginia, 03/10/97)
. . . Corp., 475 U.S. 574, 586-87, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986). A material fact in . . .

Advanced Computer Services v. MAI SYSTEMS (District Court, E.D. Virginia, 02/03/94)
. . . Corp., 475 U.S. 574, 585-87, 106 S.Ct. 1348, 1355-56, 89 L.Ed.2d 538 (1986). Put another way, . . .

. . . National Labor Relations Board v. Baltimore Paint and . . . (Court of Appeals for the Fourth Circuit, 09/07/62)
. . . 6 Cir. 1944), cert. den. 323 U.S. 724, 65 S.Ct. 56, 89 L.Ed. 582. Cf. N. L. R. B. v. Steel, etc. . . .

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