CHAPTER 469

An Act to amend and reenact § 55-66.4 of the Code of Virgima, relating
to partial satisfaction or release of certain liens. CH 548]

Approved April 1, 1952

Be it enacted by the General Assembly of Virginia:

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

§ 55-66.4. It shall be lawful for any such lienor, upon the payment
to him of a satisfactory part of the debt secured by the lien, to make a
marginal release of any one or more of the separate pieces or parcels of
property covered by such lien when the instrument creating the lien
includes two or more separate and sufficiently described pieces or parcels.
It shall also be lawful for any such lienor, upon the payment to him of a
satisfactory part of the debt secured by the lien, to make a marginal release
of any part of the real estate covered by such len if a plat of such part
or a deed of such part is recorded in the clerk’s office and a cross-reference
1s 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 mar-
ginal releases and when made in conformity therewith such partial satis-
faction 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 * January first,
nineteen hundred fifty-two, in any county or city of this State, in con-
formity 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,
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.