Code of Virginia (Last Updated:July 28, 2020) |
TITLE 15.2. Counties, Cities and Towns |
SUBTITLE III. Boundary Adjustments and Changes of Status of Counties, Cities and Towns |
CHAPTER 37. Annulment of Town Charters |
SECTION 15.2-3708. Transfer of property and indebtedness |
Upon the effective date of annulment, the title to all property, real and personal, tangible and intangible, of the former town shall be vested in, and the indebtedness become a debt of, the county or counties in which the town was located without any further act or deed. 1992, c. 453, § 15.1-965.37; 1997, c. 587. |