Virginia § 10.1-1803 - Gifts, devises and bequests
Full text of Virginia Code of Virginia § 10.1-1803 — Gifts, devises and bequests, with citation guidance and answers to common questions.
§ 10.1-1803. Gifts, devises and bequests
Gifts, devises or bequests, whether personal or real property, and the income therefrom, accepted by the Foundation, shall be deemed to be gifts to the Commonwealth, which shall be exempt from all state and local taxes, and shall be regarded as the property of the Commonwealth for the purposes of all tax laws.
1966, c. 525, § 10-165; 1988, c. 891.
Frequently Asked Questions About Virginia § 10.1-1803
What does Code of Virginia § 10.1-1803 cover?
Section 10.1-1803 ("Gifts, devises and bequests") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 10.1-1803?
A common citation format is "Code of Virginia § 10.1-1803" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 10.1-1803 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.