Va. Code Ann. § 2.2-2616
This is the official text of Va. Code Ann. § 2.2-2616, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Disposition of moneys and property received
Official statutory text
All moneys received by the Council shall be paid into the state treasury and segregated as a special fund to be used by the Council to carry out the purposes of this article. All other property, tangible or intangible, which is acquired by the Council shall become the property of the Commonwealth upon such acquisition. Such other intangible property may be held in the name of a nominee to facilitate its sale or exchange by the Council, and such other tangible property may be sold or exchanged by the Council as agent for the Commonwealth notwithstanding any other provision of law concerning the sale or exchange of property of the Commonwealth.
1973, c. 431, § 9-84.10; 2001, c. 844 .
1973, c. 431, § 9-84.10; 2001, c. 844 .
Status: in_force · Read it on the official government site
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