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Notice of exercise of eminent domain power; evidence of value (§ 33.2-1013)
2016A As used in this section:”Fair market value” means the price that the real property would bring if it were offered for sale by one who wanted to sell, but was under no necessity, and was bought by one who wanted to buy, but was under no . . .
Issuance of shares (§ 13.1-643)
2016A The powers granted in this section to the board of directors may be reserved to the shareholders by the articles of incorporation. B Any issuance of shares must be authorized by the board of directors. Shares may be issued for consideration consis . . .
Disposition thereof, if not so committed (§ 55-180)
2016If the escheator leases property remaining in his hands, he shall notify and transmit a copy of such lease, if in written form, to the State Treasurer within thirty days and remit the rent proceeds to the State Treasurer as they are received. In eith . . .
Hybrid canine ordinance; penalty (§ 3.2-6582)
2016A Any locality may, by ordinance, establish a permit system to ensure the adequate confinement and responsible ownership of hybrid canines. Such ordinance may include requirements pertaining to (i) the term and expiration date of the permit; (ii) the . . .
Definitions (§ 54.1-2112)
2016As used in this article, unless the context requires a different meaning:”Act” means the Virginia Real Estate Transaction Recovery Act.”Balance of the fund” means cash, securities that are legal investments for fiduciaries und . . .
Capacity to sue and be sued; process; liabilities and obligations; attachment; seizure of certain assets (§ 13.1-1231)
2016A A business trust may sue and be sued in its own name, and service of process on one of the trustees shall be sufficient to constitute service on the business trust. B A business trust may be sued for debts and other obligations or liabilities cont . . .
Remedy for breach of contract to appoint or not to appoint (§ 64.2-2734)
2016The remedy for a powerholder’s breach of a contract to appoint or not to appoint appointive property is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract. . . .
Developing a gas or oil well as a water well (§ 45.1-361.39)
2016Should any well drilled for gas or oil not produce commercial or paying quantities of either resource, the well may be developed as a water well upon the request of the surface owner of the property on which the well is located. Any development of su . . .
Effective date; change in circumstances (§ 58.1-3215)
2016A An exemption or deferral enacted pursuant to § 58.1-3210 or 58.1-3211.1 may be granted for any year following the date that the qualifying individual occupying such dwelling and owning title or partial title thereto reaches the age of 65 years or . . .
Exemptions not applicable to associations, etc., paying death, etc., benefits (§ 58.1-3602)
2016Nothing 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 be . . .