Every gift, conveyance, assignment, transfer, or charge that is not upon consideration deemed valuable in law, or that is upon consideration of marriage by an insolvent transferor or by a transferor who is thereby rendered insolvent, shall be void as to creditors whose debts were contracted at the time such gift, conveyance, assignment, transfer, or charge was made but shall not, on that account merely, be void as to creditors whose debts have been contracted, or as to purchasers who have purchased, after such gift, conveyance, assignment, transfer, or charge was made. Even though it is decreed to be void as to a prior creditor, because voluntary or upon consideration of marriage, it shall not, for that cause, be decreed to be void as to subsequent creditors or purchasers.
Code 1919, § 5185; Code 1950, § 55-81; 1988, c. 512; 2019, c. 712.
Structure Code of Virginia
Title 55.1 - Property and Conveyances
Chapter 4 - Fraudulent and Voluntary Conveyances; Writings Necessary to Be Recorded
§ 55.1-400. Void fraudulent acts; bona fide purchasers not affected
§ 55.1-402. Creditor's action to avoid such gifts, conveyances, assignments, transfers, or charges
§ 55.1-403. Creditor's action; attorney fees
§ 55.1-404. Authority of court to set aside
§ 55.1-405. Loans and reservations of a use or property to be recorded
§ 55.1-406. Certain recorded contracts as valid as deeds
§ 55.1-408. Where to be recorded
§ 55.1-409. Recordation of instruments affecting civil aircraft of United States
§ 55.1-410. Priority of writings when admitted to record same day
§ 55.1-411. When writings to be recorded in county, and when in city
§ 55.1-412. Words "creditors" and "purchasers," how construed
§ 55.1-413. Lien of subsequent purchaser for purchase money paid before notice
§ 55.1-414. When purchaser not affected by record of deed or contract