CODE OF VIRGINIA

ORDER REQUIRED BEFORE ACTING AS SURETY, GUARANTOR, ETC (§ 56-59)

No public service company shall henceforth assume any obligation or liability as
guarantor, endorser, surety or otherwise in respect to the securities of any
other person, firm, association or corporation, when such securities are payable
at periods of twelve months or more after the date thereof, without having first
secured from the Commission an order authorizing it so to do.

HISTORY: 1934, p. 222; Michie Code 1942, § 4073(4).