Transfer of property and indebtedness

Upon the effective date of annulment, the title to all property, real and personal, tangible and intangible, of the former town shall be vested in, and the indebtedness become a debt of, the county or counties in which the town was located without any further act or deed. 1992, c. 453, § 15.1-965.37; 1997, c. 587.