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VIRGINIA STATUTES AND CODES

56-499 - Purchase of own obligations.

§ 56-499. Purchase of own obligations.

A cooperative shall have power out of any funds available therefor topurchase any obligations issued by it at a price not exceeding the principalamount thereof and accrued interest thereon. All bonds so purchased shall becancelled.

(1950, p. 593; 1956, c. 434.)

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