Any such contract or bill of sale as is mentioned in § 11-1, if in writing and signed by the owner of the property, shall, from the time it is duly recorded, be, as against creditors and purchasers, as valid, so far as it affects real estate, as if the contract were a deed conveying the estate or interest embraced in the contract and, so far as it affects goods and chattels, as if possession had completely passed at the time of such recording, provided that, as to goods whose possession is retained by a merchant-seller, the provisions of subsection (2) of § 8.2-402 of the Uniform Commercial Code shall be controlling and provided further that, if any such contract or bill of sale as is mentioned in § 11-1 creates a security interest as defined in the Uniform Commercial Code, its validity and enforceability shall be governed by the provisions of that Code.
Code 1919, § 5193; Code 1950, § 55-95; 1964, c. 314; 1966, c. 399; 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