CHAPTER 505

An Act to amend and reenact § 55-66.4, as amended, of the Code of
Virginia, relating to partial satisfaction or release in connection with
Be it enacted by the General Assembly of Virginia:

1. That § 55-66.4, as amended, of the Code of Virginia be amended and
reenacted as follows:

§ 55-66.4. It shall be lawful for any such lienor * to make a marginal
release of any one or more of the separate pieces or parcels of property
covered by such lien. * It shall also be lawful for any such lienor * to make a
marginal release of any part of the real estate covered by such lien if a
plat of such part or a deed of such part is recorded in the clerk’s office and
a cross-reference is made in the release to the book and page where the
plat or deed of such part is recorded. Such partial release or satisfaction
may be accomplished in manner and form hereinbefore in this chapter
provided for making marginal releases, except that the creditor, or his
duly authorized agent, shall make an affidavit to the clerk that such cred-
ator is at the time of making such release the legal holder of the obli-
gation, note, bond or other evidence of debt, secured by such lien, and
when made in conformity therewith and as provided herein such partial
satisfaction or release shall be as valid and binding as a proper release
deed duly executed for the same purpose.

Any and all partial marginal releases made prior to * July one, nineteen
hundred sixty-six, in any county or city of this State, in conformity with
the provisions of this chapter, either of one or more separate pieces or
parcels of real estate or any part of the real estate covered by such lien,
or as to one or more of the obligations secured by any such lien, or as to
all of the real estate covered by such lien instrument, are hereby validated
and declared to be binding upon all parties in interest; but this provision
shall not be construed as intended to disturb or impair any vested right.