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:
“The government, which is the supreme authority in states, must be in the hands of one, or of a few, or of the many. The true forms of government, therefore, are those in which the one, the few, or the many, govern with a view to the common interest.”
—Aristotle (384–323 B.C.)
“America has always been a country of amateurs where the professional, that is to say, the man who claims authority as a member of an élite which knows the law in some field or other, is an object of distrust and resentment.”
—W.H. (Wystan Hugh)
“Authority poisons everybody who takes authority on himself.”
—Vladimir Ilyich Lenin (1870–1924)