CODE OF VIRGINIA

EXEMPTIONS NOT APPLICABLE TO ASSOCIATIONS, ETC., PAYING DEATH, ETC., BENEFITS
(§ 58.1-3602)

Nothing contained in this chapter shall be construed to exempt from taxation the
property of any person, firm, association or corporation who shall, expressly or
impliedly, directly or indirectly, contract or promise to pay a sum of money or
other benefit, on account of death, sickness or accident, to any of its members
or other person.

HISTORY: Code 1950, § 58-13; 1984, c. 675.