Upon the effective date of annulment, the title to all property, real and personal, tangible and intangible, of the former town shall be vested in, and the indebtedness become a debt of, the county or counties in which the town was located without any further act or deed.
1992, c. 453, § 15.1-965.37; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 37 - Annulment of Town Charters
§ 15.2-3700. Towns may annul charters
§ 15.2-3701. Agreement required
§ 15.2-3702. Ordinance required
§ 15.2-3703. Notice of motion; service and publication; docketing
§ 15.2-3704. Order for election; conduct of election
§ 15.2-3705. Results of election
§ 15.2-3706. Annulment of surrendered charter
§ 15.2-3707. General effect of annulment
§ 15.2-3708. Transfer of property and indebtedness
§ 15.2-3709. Special debt district
§ 15.2-3710. Records and documents