Bill Text: VA SB270 | 2018 | Regular Session | Prefiled
Bill Title: School property; unrecorded encumbrances.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-02-05 - Passed by indefinitely in Courts of Justice (14-Y 0-N) [SB270 Detail]
Download: Virginia-2018-SB270-Prefiled.html
Be it enacted by the General Assembly of Virginia:
1. That §22.1-128 of the Code of Virginia is amended and reenacted as follows:
§22.1-128. Title to real estate.
A. Whenever
any school board purchases real estate property or acquires title
thereto, the title to such real estate property shall be certified in
writing by a competent and discreet attorney-at-law selected by the school
board, or title insurance, approved by a competent and discreet attorney-at-law
selected by the school board, shall be purchased for such real estate
property. Such certification or policy of insurance shall
be filed with the clerk of the school board along with the recorded deed or
other papers by which the title is conveyed. No contract for any such purchase
shall bind the school board until the title to such real
estate property
is thus certified or insured.
The school board shall pay to the attorney reasonable compensation for these services.
B. Whenever a school board or governing body acquires real property for the purpose of constructing a school facility, the real property shall not be subjected to or restricted by any unrecorded covenants, equitable servitudes, or other encumbrances unless such school board or governing body had actual notice of such.
