58.1-3608 - Exempt organization's use of property owned by another.
§ 58.1-3608. Exempt organization's use of property owned by another.
Any real or personal property, the legal title to which is held by anyperson, firm or corporation, subject to the sole use and occupancy of anorganization or society exempted by the provisions of subdivision 1 of §58.1-3607 is hereby exempt from taxation provided such organization orsociety has not agreed to surrender its interest in the property.
(Code 1950, § 58-12; 1950, p. 61; 1952, c. 50; 1954, c. 65; 1956, c. 478;1956, Ex. Sess., c. 16; 1958, c. 361; 1960, c. 396; 1962, c. 129; 1964, c.198; 1966, c. 582; 1968, cc. 37, 807; 1969, Ex. Sess., c. 9; 1970, cc. 83,562; 1972, c. 667; 1973, c. 438; 1974, c. 469; 1984, c. 675.)