Va. Code » Title 23.1. Institutions of Higher Education; Other Educational and Cultural Institutions » Subtitle IV. Public Institutions of Higher Education » Chapter 23. Virginia Commonwealth University
Virginia Code

Va. Code Ann. § 23.1-2302 (2026)

Property and liabilities of Medical College of Virginia and Richmond Professional Institute

✓ current as of May 2026
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All real estate and personal property in the name of the corporate bodies designated "Medical College of Virginia" and "Richmond Professional Institute" transferred to, known and taken as standing in the name of, and under the control of the University is the property of the Commonwealth. The University is vested with all rights, duties, contracts, and agreements and is responsible and liable for all the liabilities and obligations of its predecessor institutions.

1968, c. 93, § 23-50.5; 2016, c. 588.

Notes of Decisions
Cited in 2 cases (2 in the last 5 years), 2025–2025 · leading case: Commonwealth of Virginia v. Jones Lang LaSalle Americas, Inc. (Va. Ct. App. 2025).
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Commonwealth of Virginia v. Jones Lang LaSalle Americas, Inc. (Va. Ct. App. 2025). · cites it 4× “Code § 23.1-2302 (assigning VCU responsibility for property management).”
Commonwealth of Virginia v. Jones Lang LaSalle Americas, Inc. (Va. Ct. App. 2025). · cites it 2× “Code § 23.1-2302 (assigning VCU responsibility for property management).”
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