Virginia Code 15.2-1106: Control and management of affairs; books, records, accounts, etc., of agencies
Current as of: 2023 | Check for updates
|
Other versions
A municipal corporation shall provide for the control and management of the affairs of the municipality, and may prescribe and require the adoption and keeping of such books, records, accounts and systems of accounting by the departments, boards, commissions, courts or other agencies of the local government as may be necessary to give full and true accounts of the affairs, resources and revenues of the municipal corporation and the handling, use and disposal thereof.
Terms Used In Virginia Code 15.2-1106
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- local government: shall be construed to mean a county, city, or town as the context may require. See Virginia Code 15.2-102
Code 1950, § 15-77.8; 1958, c. 328; 1962, c. 623, § 15.1-844; 1997, c. 587.