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2003 SESSION

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SB 1053 Conservation easements; requirements to be a holder.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)

Conservation easements; requirements to be a holder. Allows national organizations that have been in existence for at least five years, have an office in the Commonwealth, and are registered and in good standing with the State Corporation Commission to be sole holders of conservation easements if they also meet the other existing criteria. Currently, such entities can only co-hold conservation easements. Current law also requires a sole holder of a conservation easement to have had its principal office in the Commonwealth for at least five years.


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