Authority
The State Corporation Commission is an independent state agency established by the Constitution of Virginia. The General Assembly, through the legislative process, imparts responsibilities upon the Commission. Additionally, the Commission is authorized to issue its own rules and regulations to help it carry out its statutory responsibilities.
The following titles of the Code of Virginia are pertinent to the State Corporation Commission:
- Title 12.1 - SCC Generally
- Title 13.1 - Corporations and Limited Liability Companies/Securities/Franchising
- Title 50 - Partnerships
- Title 6.2 - Financial Institutions and Services
- Title 38.2 - Insurance
- Title 56 - Public Service Companies (telephone, electric, natural gas, water, railroad)
- Title 58.1 - Public Service Taxation
The following titles of the Virginia Administrative Code contain State Corporation Commission regulations:
- Title 5 - Corporations
- Title 10 - Finance and Financial Institutions
- Title 14 - Insurance
- Title 20 - Public Utilities and Telecommunications
- Title 21 - Securities and Retail Franchising
- Title 24 - Railroad Regulation
Read more about this topic: State Corporation Commission (Virginia)
Famous quotes containing the word authority:
“When the nature of the thing is incomprehensible, I can acquiesce in the Scripture: but when the signification of words is incomprehensible, I cannot acquiesce in the authority of a Schoolman.”
—Thomas Hobbes (1579–1688)
“The idea of feminine authority is so deeply embedded in the human subconscious that even after all these centuries of father-right the young child instinctively regards the mother as the supreme authority. He looks upon the father as equal with himself, equally subject to the woman’s rule. Children have to be taught to love, honor, and respect the father.”
—Elizabeth Gould Davis (b. 1910)
“I believe I’m a better authority than anybody else in America on my own wife. I have never known a person with a stronger sense of right and wrong in my life—ever.”
—Bill Clinton (b. 1946)