Purchase of own obligations

Va. Code Ann. § 56-499
in effect
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A cooperative shall have power out of any funds available therefor to purchase any obligations issued by it at a price not exceeding the principal amount thereof and accrued interest thereon. All bonds so purchased shall be cancelled. 1950, p. 593; 1956, c. 434.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/56-499/Fetched: 10/16/2026

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