§ 64.2-621 Definitions
As used in this article: “Beneficiary” means a person that receives property under a transfer on death deed. “Designated beneficiary” means a person designated to receive property in a transfer on death deed. “Joint owner” means an individual who owns property concurrently with one or more other individuals with a right of survivorship. “Joint owner” includes a joint tenant with the right of survivorship and tenant by the entirety with the right of survivorship. “Joint owner” does not include a tenant in common. “Person” means an individual, corporation, business trust, estate, trust, partnership, limited liability company, association, joint venture, public corporation, government or governmental subdivision, agency, or instrumentality, or any other legal or commercial entity. “Property” means an interest in real property located in the Commonwealth that is transferable on the death of the owner. “Transfer on death deed” means a deed or conveyance of a cooperative interest authorized under this article. “Transferor” means an individual who makes a transfer on death deed.
History
This law was first created in 2013. The record of its establishment is cataloged in chapter 390 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 2022, chapter 309.
2013, c. 390; 2022, c. 309.