The Commission may by regulation prescribe the terms and conditions upon which an association may issue bonds, debentures, or other evidences of debt, however described, that are offered to the public by advertisement or solicitation.

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Terms Used In Virginia Code 6.2-1404

  • Association: means a corporation organized as an industrial loan association under the provisions of the Virginia Stock Corporation Act (§ Virginia Code 6.2-1400
  • Commission: means the State Corporation Commission. See Virginia Code 6.2-100

1974, c. 174, § 6.1-227.1; 2010, c. 794.