Virginia § 56-81 - Summary order prohibiting treatment of payments as operating expenses, etc
Full text of Virginia Code of Virginia § 56-81 — Summary order prohibiting treatment of payments as operating expenses, etc, with citation guidance and answers to common questions.
§ 56-81. Summary order prohibiting treatment of payments as operating expenses, etc
Whenever the Commission shall find upon investigation (1) that any public service company is giving effect to any contract or arrangement of the character described in § 56-77, entered into after March 29, 1934, when such contract or arrangement shall not have been filed with the Commission as required by this chapter, or (2) that any public service company is making payment to an affiliated interest, although such payments have been disallowed and disapproved by the Commission under this chapter or in a proceeding involving the public service company's rates or practices, the Commission may, in the former case, and shall, in the latter case, issue a summary order prohibiting the public service company from treating any payments made under the terms of such contract or arrangement or any payments so disallowed and disapproved as operating expenses or as capital expenditures for rate or valuation purposes, unless and until such payments shall have received the approval of the Commission.
1934, p. 745; Michie Code 1942, §§ 3774g, 3774h.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 56-81
What does Code of Virginia § 56-81 cover?
Section 56-81 ("Summary order prohibiting treatment of payments as operating expenses, etc") 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 § 56-81?
A common citation format is "Code of Virginia § 56-81" (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 § 56-81 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.