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Developed and maintained by the Division of Legislative Automated Systems.
1994 SESSION
LD0724164Be it enacted by the General Assembly of Virginia:
1. That § 64.1-123.2 of the Code of Virginia is amended and reenacted as follows:
§ 64.1-123.2. Transfer of certain vessels registered with United States Bureau of Customs.
If a Virginia resident owning a vessel registered with the United States
Bureau of Customs, which has a market value not exceeding $7,000,
be is dead and there has been no qualification on his
estate, a transfer of ownership may be made by a legatee or distributee if
there be is presented to the Bureau of Customs a
statement made by a legatee or distributee to the effect that there has not
been and there is not expected to be a qualification on such estate and that
his debts have been paid in full or that the proceeds from the sale of such
vessel will be used to apply against his debts. The statement shall state the
name, residence at the time of death, date of death and the names of all
other persons, if any, having an interest in the vessel which is sought to be
transferred and, if there are such persons of legal age, they shall signify
in writing their consent to such transfer of title.
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