CHAPTER 399

An Act to amend the Code of Virginia by adding a section numbered 58-
1058.1, relating to deeds to certain real estate assessed in the name of

ions and sold for the nonpayment of taxes, the procedure for

securing deeds for such real estate, and the legal effect of such deeds.

[H 163]
Approved March 31, 1964

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding a section numbered
58-1053.1 as follows:

§ 58-1053.1. Where real estate situated in any county, city or town
of the Commonwealth has been assessed for taxation in the name of any
corporation, domestic or foreign, after its charter has been surrendered,
forfeited or cancelled, and such real estate has been sold for the nonpay-
ment of the taxes and levies thereon and purchased by any person (other
than the Commonwealth for the benefit of the county, city or town wherein
the real estate is situated), such purchaser, his successor or assigns, (if
the property be not redeemed as provided by law), may secure a deed for
such real estate by complying with the laws applicable thereto as if the
charter of such corporation had not been surrendered, forfeited or can-
celled, except that the notice of his intention to apply to the clerk for the
deed shall be given to the person last designated as the registered agent in
Virginia, if any, of said corporation, and if none, to any person known to
the purchaser, his successor or assigns, to be a resident of Virginia who
was an officer or director of such corporation at the time the charter was
surrendered, forfeited or cancelled as aforesaid, and also to all persons
who were stockholders of such corporation at the time its charter was
surrendered, forfeited or cancelled, their personal representatives, heirs,
distributees, devisees, and assigns, and if their names are unknown to the
purchaser, his successors or assigns, they may be proceeded against as un-
known parties as provided by law and notice shall also be given to any
other persons interested as prescribed by law in such cases, and in the
manner therein prescribed; and in event the said corporation was a foreign
corporation, notice shall also be given to the clerk of the State Corporation
Commission of Virginia.

Upon the recordation of the tax deed to the purchaser, the same right
and title to such real estate shall stand vested in the grantee in such deed
as was vested in the corporation assessed immediately before its charter
was surrendered, forfeited or cancelled, as well as at the commencement
of the year for which the taxes or levies were assessed, and of any person
claiming the real estate under such corporation, subject to be defeated
only in the manner provided by § 58-1064 of the Code of Virginia.

The provisions of this section shall also apply to cases where the
land has been assessed for taxation in the name of such defunct corporation
and sold in its name for the nonpayment of the taxes thereon and pur-
chased at the delinquent tax sale by the Commonwealth for the benefit of
the county, city or town in which the real estate is located, insofar as the
same are applicable, including the notice and procedure for obtaining a
deed by the applicant, his heirs or assigns, and as to the legal effect of the
tax deed to the applicant by the clerk.

This section shall be applicable to all cases where real estate has here-
tofore been, or may hereafter be, assessed in the name of a corporation
whose charter has been surrendered, forfeited or cancelled, and such real
meer a and sold for the payment of the delinquent taxes thereon
as aforesai