Virginia Code 15.2-3708: Transfer of property and indebtedness
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Upon the effective date of annulment, the title to all property, real and personal, tangible and intangible, of the former town shall be vested in, and the indebtedness become a debt of, the county or counties in which the town was located without any further act or deed.
Terms Used In Virginia Code 15.2-3708
- County: means any existing county or such unit hereafter created. See Virginia Code 15.2-102
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Town: means any existing town or an incorporated community within one or more counties which became a town before noon, July one, nineteen hundred seventy-one, as provided by law or which has within defined boundaries a population of 1,000 or more and which has become a town as provided by law. See Virginia Code 15.2-102
1992, c. 453, § 15.1-965.37; 1997, c. 587.