28.2-625 - Transfer or assignment. - Virginia Statutes

§ 28.2-625. Transfer or assignment.

A person holding an existing lease of oyster-planting ground may transfer orassign all or any part of the lease to another under the following conditionsand provisions:

1. The transfer or assignment may be made only to a resident of theCommonwealth, or a firm or corporation authorized by Virginia laws to occupyand hold oyster-planting ground.

2. The application for transfer or assignment shall be in the form prescribedby the Commissioner and shall be filed with the Commission.

3. The Commissioner shall require a new survey if no survey exists of theexact parcel or parcels of grounds to be transferred or assigned.

4. The cost of any new surveys required under this section shall be borne bythe person making the transfer, and the cost and fees shall be the same asfor surveys made by the Commissioner.

5. The application shall be accompanied by the transfer fee of five dollarsif the parcel or parcels are ten acres or less and ten dollars if the parcelor parcels are more than ten acres.

6. The Commissioner shall record in his office the application for transferor assignment with any correction or new plat he deems necessary.

7. The transfer or assignment shall constitute a new lease of the tract orparcel assigned and any ground remaining under the old lease.

(Code 1950, § 28-126; 1962, c. 406, § 28.1-112; 1984, cc. 100, 259; 1992, c.836.)