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Appraisals; loan-to-value ratios (§ 6.2-1180)
2016A A savings institution may make a real estate loan only after a qualified person designated by the savings institution has submitted a signed appraisal of the security property, except that an insured or guaranteed loan may be made on the basis of a . . .
Dissolution of land bank entity (§ 15.2-7511)
2016A A land bank entity may be dissolved 60 calendar days after an affirmative resolution is approved by two-thirds of the membership of the board. Sixty calendar days’ advance written notice of consideration of a resolution of dissolution shall b . . .
Gifts, devises and bequests (§ 10.1-1803)
2016Gifts, devises or bequests, whether personal or real property, and the income therefrom, accepted by the Foundation, shall be deemed to be gifts to the Commonwealth, which shall be exempt from all state and local taxes, and shall be regarded as the p . . .
Acquisition of title subject to reservation of farming or timber rights; acquisition of easements, etc.; property to be made available for farming and timber uses (§ 10.1-1703)
2016Any public body is authorized to acquire (i) unrestricted fee simple title to tracts; (ii) fee simple title to such land subject to reservation of rights to use such lands for farming or to reservation of timber rights thereon; or (iii) easements in . . .
Instruments executed by minors or unmarried widows to obtain benefits under certain federal legislation (§ 11-8)
2016Any person under the age of eighteen or widow who has not remarried who is eligible for a guaranty of credit under the provisions of Title III of an Act of Congress of the United States approved June 22, 1944, entitled the “Servicemen’s R . . .
Definitions (§ 54.1-2310)
2016As used in this chapter, unless the context requires a different meaning:”Advertisement” means any information disseminated or placed before the public.”At-need” means at the time of death or while death is imminent.”Boa . . .
Classification of certain energy-efficient buildings for tax purposes (§ 58.1-3221.2)
2016A Energy-efficient buildings, not including the real estate or land on which they are located, are hereby declared to be a separate class of property and shall constitute a classification for local taxation separate from other classifications of real . . .
Entities not permitted to plead usury (§ 6.2-308)
2016A No (i) corporation, (ii) partnership that is required to file a certificate pursuant to Chapter 2.1 (§ 50-73.1 et seq.) of Title 50 or was required to file a certificate pursuant to former Chapter 2 (§ 50-44 et seq.) or Chapter 3 (§ 50-74 et seq . . .
Exempt organization's use of property owned by another (§ 58.1-3652)
2016Any county, city, or town may exempt any real or personal property, the legal title to which is held by any person, firm, or corporation, subject to the sole use or occupancy by a nonprofit entity exempt from federal income taxation under § 501(c)(3 . . .
Protection of client interests in proceedings pending disciplinary action (§ 54.1-3936)
2016A If Bar Counsel has reasonable cause to believe that an attorney is engaging in any activity which is unlawful or violates the Virginia Rules of Professional Conduct and which will result in loss of property of one or more of the attorney’s cl . . .