50-73.76:1 - Property title records. - Virginia Statutes

§ 50-73.76:1. Property title records.

A. Whenever the records in the office of the clerk of the Commission reflectthat a domestic or foreign limited partnership has changed or corrected itsname, merged into a domestic or foreign corporation, limited liabilitycompany, business trust, limited partnership or partnership, converted into adomestic or foreign corporation, limited liability company, business trust orpartnership, or domesticated in or from another jurisdiction, the clerk ofthe Commission, upon request, shall issue a certificate reciting such change,correction, merger, conversion or domestication. The certificate may beadmitted to record in the deed books, in accordance with § 17.1-227, of anyclerk's office within the jurisdiction of which any property of the limitedpartnership is located in order to maintain the continuity of title records.The person filing the certificate shall pay a fee of $10 to the clerk of thecourt, but no tax shall be due thereon.

B. Whenever a foreign limited partnership has changed or corrected its name,merged into a corporation, limited liability company, business trust, limitedpartnership or partnership, converted into another type of business entity,or domesticated in another jurisdiction, and it cannot or chooses not toobtain a certificate reciting such change, correction, merger, conversion ordomestication from the clerk of the Commission pursuant to subsection A, asimilar certificate by any competent authority of the foreign limitedpartnership's jurisdiction of formation may be admitted to record in the deedbooks, in accordance with § 17.1-227, of any clerk's office within thejurisdiction of which any property of the limited partnership is located inorder to maintain the continuity of title records. The person filing thecertificate shall pay a fee of $10 to the clerk of the court, but no taxshall be due thereon.

(2007, c. 771.)