Terms Used In Virginia Code > Title 64.2 > Subtitle V > Chapter 24 - Conservators of Property of Absentees

• advisory board: means the board appointed by the commission in accordance with § Virginia Code 15.2-4602
• Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
• Board of supervisors: means the governing body of a county. See Virginia Code 15.2-102
• Commission: means the governing body of the local district. See Virginia Code 15.2-4602
• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Council: means the governing body of a city or town. See Virginia Code 15.2-102
• County: means Arlington, Fairfax, Loudoun, and Prince William Counties. See Virginia Code 15.2-4602
• Decedent: A deceased person.
• Employee: means any (i) member of the Capitol Police Force as described in § Virginia Code 51.1-212
• Executor: A male person named in a will to carry out the decedent
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Federal agency: means and includes the United States of America or any department, bureau, agency, or instrumentality thereof. See Virginia Code 15.2-4602
• landowner: means the person or entity that has the usufruct, control, or occupation of the taxable real property as determined by the commissioner of the revenue of the jurisdiction in which the subject real property is located pursuant to § Virginia Code 15.2-4602
• local district: means any transportation improvement district created under the provisions of § Virginia Code 15.2-4602
• Member: means any person included in the membership of the Retirement System as provided in this chapter. See Virginia Code 51.1-212
• Normal retirement date: means a member's sixtieth birthday. See Virginia Code 51.1-212
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
• Probate: Proving a will
• 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
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Retirement System: means the Virginia Law Officers' Retirement System. See Virginia Code 51.1-212
• Revenues: means any or all fees, tolls, taxes, rents, notes, receipts, assessments, moneys, and income derived by the local district and includes any cash contributions or payments made to the local district by the Commonwealth or any agency, department, or political subdivision thereof or by any other source. See Virginia Code 15.2-4602
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• Town: means any town having a population of more than 1,000. See Virginia Code 15.2-4602
• Transportation improvements: means any and all real or personal property utilized in constructing and improving (i) any mass transportation project and (ii) any primary highway or portion thereof, located within any district created pursuant to § Virginia Code 15.2-4602