Notwithstanding any of the provisions of this chapter or any recitals in any bonds issued under this chapter, all such bonds shall be deemed to be investment securities under the Uniform Commercial Code as enacted in this Commonwealth, subject only to the provisions of the bonds pertaining to registration.
Va. Code Ann. § 15.2-5420
Status of bonds under Uniform Commercial Code
Known as the Electric Authorities Act
The act spans §§ 15.2-5400 to 15.2-5431 (36 sections).
1979, c. 416, § 15.1-1623; 1997, c. 587.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.