Virginia Code 8.9A-107.2: (Effective July 1, 2025) No requirement to acknowledge or confirm; no duties
Current as of: 2024 | Check for updates
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(a) No requirement to acknowledge. A person that has control under 8.9A-104, 8.9A-105, or 9-105.1 is not required to acknowledge that it has control on behalf of another person.
Terms Used In Virginia Code 8.9A-107.2
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
(b) No duties or confirmation. If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this article otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to any other person.
2024, c. 652.