Virginia Code 56-487: Definitions
The following terms, whenever used or referred to in this chapter, shall have the following meanings, unless a different meaning appears from the context:
Terms Used In Virginia Code 56-487
- City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
- 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.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: includes individuals, partnerships, limited liability companies, and corporations. See Virginia Code 56-1
- Town: means any existing town or an incorporated community within one or more counties which became a town before noon, July 1, 1971, as provided by law or which has within defined boundaries a population of 1,000 or more and which has become a town as provided by law. See Virginia Code 1-254
- United States: includes the 50 states, the District of Columbia the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands and the United States Virgin Islands. See Virginia Code 1-255
(1) “Cooperative” shall mean a telephone corporation formed under this chapter.
(2) “Municipality” shall mean any city or incorporated town of the Commonwealth.
(3) “Person” shall mean and include natural persons, firms, associations, cooperatives, corporations, business trusts, partnerships and bodies politic.
(4) “Telephone service” shall mean and include service over wire or cable lines, including voice carrier, service by voice carrier system over electric distribution and transmission lines, service over radio circuits, and any other service involving the transmission of voice, video or data between fixed points.
(5) “Acquire” shall mean and include construct, acquire by purchase, lease, devise, gift or the exercise of the power of eminent domain, or other mode of acquisition.
(6) “System” shall mean and include any plant, works, system, facilities, or properties, or any part or parts thereof, together with all appurtenances thereto, used or useful in connection with the transmission of voice, video or data.
(7) “Obligations” shall mean and include bonds, interim certificates or receipts, notes, debentures, and all other evidences of indebtedness either issued or the payment thereof assumed by a cooperative.
(8) “Federal agency” shall mean and include the United States of America, the President of the United States of America, and any and all other authorities, agencies, and instrumentalities of the United States of America, heretofore or hereafter created.
(9) “Improve” shall mean and include construct, reconstruct, improve, replace, extend, enlarge, alter, better or repair.
(10) “Board” shall mean the board of directors of a cooperative formed under this chapter.
(11) “Member” shall mean and include each person admitted to membership in the cooperative pursuant to law or its bylaws.
1950, p. 588; 1956, c. 434; 1996, c. 708.