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(Effective until July 1, 2018) Property exempt from taxation by classification or designation by ordinance adopted by local governing body on or after January 1, 2003 (§ 58.1-3651)
2016A Pursuant to subsection 6 (a) (6) of Article X of the Constitution of Virginia, on and after January 1, 2003, any county, city, or town may by designation or classification exempt from real or personal property taxes, or both, by ordinance adopted b . . .
Redetermination of guardian's bond (§ 64.2-1705)
2016Upon a guardian’s request, the clerk shall redetermine the penalty of the guardian’s bond in light of any reduction in the current market value of the estate under the guardian’s control, whether such reduction is due to disbursemen . . .
Tax exemptions (§ 38.2-1712)
2016The Association shall be exempt from the payment of all fees and all taxes levied by the Commonwealth or any of its subdivisions, except taxes levied on real and personal property. . . .
Fee tail converted into fee simple (§ 55-12)
2016Every estate in lands so limited that, as the law was on October 7, 1776, such estate would have been an estate tail shall be deemed an estate in fee simple; and every limitation upon such an estate shall be held valid, if the same would be valid whe . . .
Payment of certain patronage capital to spouse or next of kin of deceased person (§ 56-501.1)
2016When there is held by any telephone cooperative, engaged in the business of furnishing telephone service, any patronage capital to the credit of a deceased person, in an amount not exceeding $ 500, upon whose estate there shall have been no qualifica . . .
Devises and bequests that fail; how to pass (§ 64.2-416)
2016A Unless a contrary intention appears in the will, and except as provided in § 64.2-418: B Notwithstanding the provisions of §§ 64.2-2604 and 64.2-2605 and unless a contrary intention appears in the will, if a testator makes a bequest, not exceed . . .
Property held, etc., by ecclesiastical officers (§ 57-16)
2016A Whenever the laws, rules or ecclesiastic polity of any church or religious sect, society or denomination commits to its duly elected or appointed bishop, minister or other ecclesiastical officer, authority to administer its affairs, such duly elect . . .
Beneficiaries (§ 38.2-4019)
2016No person other than a wife, husband, relative by blood to the fourth degree, father-in-law, mother-in-law, son-in-law, daughter-in-law, stepfather, stepmother, stepchild, or child by legal adoption of the member, or one who is dependent upon the mem . . .
Duration and effectiveness of financing statement; effect of lapsed financing statement (§ 8.9a-515)
2016(a Except as otherwise provided in subsections (b), (e), (f), and (g), a filed financing statement is effective for a period of five years after the date of filing. (b Except as otherwise provided in subsections (e), (f), and (g), an initial financi . . .
Example (§ 55-271)
2016Suppose a person whose age is 42 is tenant for life in the whole of an estate worth $ 10,500. The annual interest on that sum at 8 percent is $ 840. The present value of an annuity of $ 1 at the age of 42, as appears by the table, is $ 10.77, which, . . .