10.1-1015 - Conveyance to the Commonwealth. - Virginia Statutes

§ 10.1-1015. Conveyance to the Commonwealth.

Whenever any holder as defined in this chapter, or the successors or assignsthereof, shall cease to exist, any conservation easement and any right ofenforcement held by it shall vest in the Virginia Outdoors Foundation, unlessthe instrument creating the easement otherwise provides for its transfer tosome other holder or public body. In an easement vested in the VirginiaOutdoors Foundation by operation of the preceding sentence, the Foundationmay retain it or thereafter convey it to any other public body or any holderthe Foundation deems most appropriate to hold and enforce such interest inaccordance with the purpose of the original conveyance of the easement.

(1988, cc. 720, 891.)