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 authority of government, even such as I am willing to submit to,—for I will cheerfully obey those who know and can do better than I, and in many things even those who neither know nor can do so well,—is still an impure one: to be strictly just, it must have the sanction and consent of the governed. It can have no pure right over my person and property but what I concede to it.”
—Henry David Thoreau (1817–1862)
“Does it follow that I reject all authority? Perish the thought. In the matter of boots, I defer to the authority of the bootmaker.”
—Mikhail Bakunin (1814–1876)