State Codes and Statutes
Statutes > Virginia > Title-26 > Chapter-3 > 26-42§ 26-42. Last fiscal statement to govern.
When any security provided for in § 26-40 is purchased by a fiduciary and atthe time of such purchase the statement for the preceding fiscal year of thecorporation issuing the security so being purchased has not been publishedand is therefore not available, the statement of such corporation for thefiscal year immediately prior to such preceding fiscal year shall beconsidered the statement for such preceding fiscal year and shall, for thepurposes of § 26-40, have the same force and effect as the statement for thefiscal year preceding such purchase, provided the date of such purchase isnot more than four months after the end of the last fiscal year of thecorporation.
(Code 1919, § 5431; 1942, p. 661.)
