It shall be unlawful for the board to issue its obligations to be secured by deed of trust on its real estate without the prior consent of the General Assembly.

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Terms Used In Virginia Code 23.1-2205

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • real estate: includes lands, tenements and hereditaments, and all rights and appurtenances thereto and interests therein, other than a chattel interest. See Virginia Code 1-219

Code 1919, § 821, § 23-65; 2016, c. 588.

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