57-15.1 - Order may provide that fiscal officer may sign instrument without personal liability. - Virginia Statutes

§ 57-15.1. Order may provide that fiscal officer may sign instrument withoutpersonal liability.

Any order entered pursuant to §§ 57-14 and 57-15 may provide that anyinstrument evidencing a debt secured by a deed of trust or mortgage made inbehalf of a church diocese, congregation, church or religious denomination orsociety or branch or division thereof, hereinafter referred to inclusively as"church," may be signed without personal liability by the treasurer orother fiscal officer of such church and thereupon become the obligationsolely of the church named therein.

To carry out any order entered pursuant to §§ 57-14 and 57-15, the judge mayappoint a special commissioner to convey or encumber any real estate held forthe benefit of any church in connection with any transaction involving anyconveyance or debt in the name of the church.

Any such instrument when recorded shall be indexed in the name of the churchas grantor.

(1966, c. 149.)