Virginia Code 33.2-1906: Creation of commission to control corporation.
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In and for each transportation district a commission is hereby created to manage and control the functions, affairs, and property of the corporation and to exercise all of the rights, powers, and authority and perform all of the duties conferred or imposed upon the corporation.
Terms Used In Virginia Code 33.2-1906
- 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.
- District: means a transportation district authorized to be created by this chapter. See Virginia Code 33.2-1901
1964, c. 631, § 15.1-1347; 1997, c. 587, § 15.1-4506; 2014, c. 805.