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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>370031</law_id><section_number>55.1-801</section_number><catch_line>Change in control</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="120" identifier="55.1">Property and Conveyances</unit><unit label="subtitle" level="2" order_by="2" identifier="II">Real Estate Settlements and Recordation</unit><unit label="chapter" level="3" order_by="3" identifier="8">Exchange Facilitators Act</unit></structure><text>
						<section><p>An <span class="dictionary">exchange facilitator</span> shall notify all existing <span class="dictionary">exchange clients</span> whose relinquished property is located in the Commonwealth, or whose replacement property held under a Qualified Exchange Accommodation Agreement is located in the Commonwealth, of any <span class="dictionary">change in control</span> of the <span class="dictionary">exchange facilitator</span>. Such notification shall be made to the <span class="dictionary">exchange facilitator</span>&#x2019;s clients within 10 business days following the effective date of such <span class="dictionary">change in control</span> either by facsimile or email transmission, or by first-class mail, and by posting such notice of <span class="dictionary">change in control</span> on the <span class="dictionary">exchange facilitator</span>&#x2019;s website, if any, for a period ending not sooner than 90 days after the <span class="dictionary">change in control</span>. Such notification shall set forth the name, address, and other contact information of the <span class="dictionary">transferees</span>. Notwithstanding the above, if the <span class="dictionary">exchange facilitator</span> is a publicly traded company and remains a publicly traded company after a <span class="dictionary">change in control</span>, the publicly traded company shall not be required to notify its existing clients of such <span class="dictionary">change in control</span>.</p></section></text><history>2010, c. 409, &#xA7; 55-525.2; 2019, c. 712.</history><metadata></metadata></law>
