                                 CODE OF VIRGINIA

RETURN OF GIFTS (§ 2.2-3103.2)

No person shall be in violation of any provision of this chapter prohibiting the
acceptance of a gift if (i) the gift is not used by such person and the gift or
its equivalent in money is returned to the donor or delivered to a charitable
organization within a reasonable period of time upon the discovery of the value
of the gift and is not claimed as a charitable contribution for federal income
tax purposes or (ii) consideration is given by the donee to the donor for the
value of the gift within a reasonable period of time upon the discovery of the
value of the gift provided that such consideration reduces the value of the gift
to an amount not in excess of $100 as provided in subsection B or C of §
2.2-3103.1.

HISTORY: 2015, cc. 763, 777.