                                 CODE OF VIRGINIA

AUTHORITY OF LABOR UNIONS TO OWN, ENCUMBER AND SELL REAL ESTATE (§ 40.1-52)

The trustees of any unincorporated association organized for mutual benefit and
chartered as a labor union for the purpose of collective bargaining and other
lawful functions of labor unions, as defined by the laws of this Commonwealth,
and having a duly authorized charter as a local labor union, from either a state
or national labor organization, shall have the right to own, possess, improve,
sell or mortgage real estate. Such real estate can be acquired for any lawful
purpose whatsoever.
		Property acquired by an unincorporated association under the provisions of
this section can be sold, mortgaged or the title transferred by such trustees in
the same manner and to the same extent as if such trustees were natural persons
acting for themselves in their individual capacity, under the laws of this
Commonwealth.
		The provisions of this section shall apply to any real estate acquired prior
to July 1, 1997, by any such unincorporated association, provided such real
estate is real estate that could be legally acquired by such unincorporated
association, if acquired after such date.

HISTORY: Code 1950, § 40-63; 1966, c. 382; 1970, c. 321; 1997, c. 761.