Conservation easements; co-holders. Exempts real property burdened by a conservation easement that has an assessed value of less than $100,000 and is held by an accredited land trust from the requirement that such holder must either have had a principal office in the Commonwealth for at least five years or be a national organization in existence for at least five years that has an office in the Commonwealth and has registered and is in good standing with the State Corporation Commission. As a result, such a holder not meeting such requirements would not be required to co-hold a conservation easement with another holder that meets such requirements.

Statutes affected:
Introduced: 10.1-1010