Virginia Code 62.1-69.32: Withdrawal; dissolution
Current as of: 2023 | Check for updates
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A. A locality may withdraw from the Commission one year after providing a written notice to the Commission of its intent to do so.
Terms Used In Virginia Code 62.1-69.32
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Locality: means a county, city, or town as the context may require. See Virginia Code 1-221
B. The Commission may dissolve itself upon a two-thirds vote of all members.
C. The Commission may be dissolved by repeal or expiration of this chapter.
D. The Commission shall be dissolved if the membership of the Commission falls below two-thirds of those eligible.
E. Upon the Commission’s dissolution, all funds and assets of the Commission shall be divided on a pro rata basis. The Commonwealth’s share of the funds and assets shall be transferred to the Office of the Secretary of Natural and Historic Resources for appropriate distribution.
1998, c. 553; 2000, cc. 386, 456; 2021, Sp. Sess. I, c. 401.