Code of Virginia

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Code of Virginia
Title 55. Property and Conveyances [Repealed Effective October 1, 2019]
Chapter 15. Apportionment of Moneys; Management of Institutional Funds
12/5/2019

§ 55-271. (Repealed effective October 1, 2019) Example.

Suppose a person whose age is 42 is tenant for life in the whole of an estate worth $10,500. The annual interest on that sum at 8 percent is $840. The present value of an annuity of $1 at the age of 42, as appears by the table, is $10.77, which, multiplied by $840, gives $9,046.80 as the gross value of such life estate in the premises, or the proceeds thereof.

Code 1919, § 5133; 1946, p. 555; 1973, c. 355; 1981, c. 612; 1990, c. 831.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.