Virginia Statutes
§ 15.2-4114 — Liabilities and assets of such city
Virginia § 15.2-4114
JurisdictionVirginia
Title 15.2COUNTIES, CITIES AND TOWNS
Subtitle IIIBOUNDARY ADJUSTMENTS AND CHANGES OF STATUS OF COUNTIES, CITIES AND TOWNS
Ch. 41TRANSITION OF CITY TO TOWN STATUS
This text of Virginia § 15.2-4114 (Liabilities and assets of such city) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 15.2-4114 (2026).
Text
Unless otherwise provided by agreement of the governing bodies of the city and county, or by order of the special court pursuant to § 15.2-4106, a town created under this chapter shall remain liable for all of the bonded indebtedness, current debts, obligations, and liabilities if incurred as a city. Unless otherwise provided by agreement of the governing bodies of the city and county, or by order of the court pursuant to § 15.2-4106, the title to all of the real and personal property of the former city and all of its rights and privileges under any contract, and all of its books, records, papers and other things of value, shall vest in and become the property of the town.
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Legislative History
1988, c. 881, § 15.1-965.23; 1997, c. 587.
Nearby Sections
15
§ 15.2-100
Charter powers not affected by title§ 15.2-102
Definitions§ 15.2-103
Name "Mount Vernon" reserved§ 15.2-104
Liens against real estate§ 15.2-107.1
Advertisement of legal notices on web sites§ 15.2-108
Repealed§ 15.2-108.1
Local fees charged to places of worship§ 15.2-109
Regulations on political campaign signs§ 15.2-1100
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Bluebook (online)
Virginia § 15.2-4114, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/15.2/15.2-4114.