After adoption or approval of an ordinance, resolution or agreement creating an authority, the governing bodies of the participating localities shall file with the State Corporation Commission the authority’s articles of incorporation.

Terms Used In Virginia Code 15.2-5107

  • Authority: means an authority created under the provisions of § 15. See Virginia Code 15.2-5101
  • 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.

Code 1950, § 15-764.7; 1950, p. 1316; 1962, c. 623, § 15.1-1245; 1973, c. 478; 1997, c. 587.

  Previous section
Next section  
 Article 2 Contents