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39 chapters · 1,071 sections in this title.
Va. Code Ann. § 8.01-525.1 Recordation; notice of sale; preferences prohibited
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Whenever a deed of assignment for the benefit of creditors is executed, the deed shall be recorded. If no notice of the sale has previously been given, the trustee named in such deed, or the one substituted in the manner prescribed in this article, before selling under the deed o…
Va. Code Ann. § 8.01-525.2 Substitution of another trustee by creditors
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A majority of the unsecured creditors in number and amount of the assignor may agree in writing upon a trustee different from the one named in the deed of assignment, and upon petition to the court that would have jurisdiction if an action were brought against the assignor, such …
Va. Code Ann. § 8.01-525.3 Procedure to question claim of creditor
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Any creditor of the assignor who questions the validity of any other creditor's claim, or the trustee if he questions the validity of any claim, may file, within 30 days after the recordation of the deed, a petition against the creditor whose claim is questioned in the court that…
Va. Code Ann. § 8.01-525.4 Provision to bar further claim by creditors who accept deed
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Any deed of assignment may contain a provision to the effect that those creditors who accept such assignment do so in full satisfaction of their respective claims and shall be forever barred from further recovery of any balance. 1924, p. 658; Michie Code 1942, § 5278d; Code 1950,…