Virginia § 56-65.1 - Short-term indebtedness
Full text of Virginia Code of Virginia § 56-65.1 — Short-term indebtedness, with citation guidance and answers to common questions.
§ 56-65.1. Short-term indebtedness
Notwithstanding the provisions of §§ 56-57 and 56-65, the provisions of this chapter shall apply to the issuance of any note or notes by any public service company which has total capitalization, including securities having a maturity date of less than twelve months from the time of issue, of five million dollars or more, unless such note or notes together with all other outstanding notes and drafts of a maturity of less than twelve months on which such utility is primarily or secondarily liable, aggregates not more than twelve percent of the total capitalization of such utility.
1952, c. 148; 1976, c. 408; 1987, c. 479; 1995, c. 137.
Frequently Asked Questions About Virginia § 56-65.1
What does Code of Virginia § 56-65.1 cover?
Section 56-65.1 ("Short-term indebtedness") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 56-65.1?
A common citation format is "Code of Virginia § 56-65.1" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 56-65.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.