Virginia Code > Title 57 > Chapter 3 > Article 3 – Disposition of Property for Maintenance and Care.
Current as of: 2024 | Check for updates
|
Other versions
| § 57-31 | May be in perpetuity. |
| § 57-32 | Who may hold such property. |
| § 57-33 | Repealed. |
| § 57-34 | Amount to defray original cost not limited. |
| § 57-35 | Trusteeship for administering funds for perpetual care. |
Terms Used In Virginia Code > Title 57 > Chapter 3 > Article 3 - Disposition of Property for Maintenance and Care.
- Bequest: Property gifted by will.
- City: means an independent incorporated community which became a city as provided by law before noon on July 1, 1971, or which has within defined boundaries a population of 5,000 or more and which has become a city as provided by law. See Virginia Code 1-208
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Devise: To gift property by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.