58.1-511 - Definitions. - Virginia Statutes

§ 58.1-511. Definitions.

For the purposes of the article:

"Interest in real property" means any right in real property, includingaccess thereto or improvements thereon, or water, including but not limitedto an open-space easement or conservation easement, provided such interestcomplies with the requirements of the U.S. Internal Revenue Code § 170 (h),partial interest, mineral right, remainder or future interest, or otherinterest or right in real property.

"Land" or "lands" means real property, with or without improvementsthereon; rights-of-way, water and riparian rights; easements; privileges andall other rights or interests of any land or description in, relating to orconnected with real property.

"Public or Private Conservation Agency" means any Virginia governmentalbody, or any private not-for-profit charitable corporation or trustauthorized to do business in the Commonwealth and organized and operated fornatural resources, land conservation or historic preservation purposes, andhaving tax-exempt status as a public charity under the U.S. Internal RevenueCode of 1986, as amended, and having the power to acquire, hold and maintainland and/or interests in land for such purposes.

(1999, cc. 968, 983; 2005, c. 940.)