In any distribution of the assets of any person or corporation assessed with taxes, levies and fees, together with penalties and interest thereon, due to the Commonwealth or any of its political subdivisions, whether heretofore or hereafter imposed, the claims of the Commonwealth and the political subdivisions for such taxes, levies and fees, penalties and interest thereon shall be paramount and prior to all claims of general creditors, except claims given higher dignity by federal law. Nothing in this section shall be construed in derogation of any lien of the Commonwealth or any of its political subdivisions now existing or hereafter created by law; nor shall anything herein be construed to affect the laws now in force with regard to the marshalling of a decedent's estate and in regard to the exemption of a poor debtor.
Code 1950, § 58-24; 1984, c. 675.
Structure Code of Virginia
General Provisions of Title 58.1
§ 58.1-2. Reciprocal agreements with other states for collection of taxes
§ 58.1-3. Secrecy of information; penalties
§ 58.1-3.2. Attorney General's and Tax Commissioner's authority to request and share information
§ 58.1-3.3. Deemed consent to disclosure
§ 58.1-4. Person preparing tax return for another not to disclose information without consent
§ 58.1-5. Persons, etc., engaged in more than one business
§ 58.1-6. Priority of taxes, etc., in distributions
§ 58.1-7. Same; liability of recipient of improper corporate distribution
§ 58.1-9. Filing of tax returns or payment of taxes by mail or otherwise; penalty
§ 58.1-10. Collection of taxes accrued prior to repeal
§ 58.1-11. Oaths or affirmations unnecessary on returns; misdemeanor to make false return
§ 58.1-12. Payment of tax by bad check
§ 58.1-13. State taxes to be paid into the general fund
§ 58.1-14. Out-of-state tax collections
§ 58.1-16. Overcollection of tax
§ 58.1-17. Donations to the general fund
§ 58.1-21. No decree for distribution until taxes paid or provided for
§ 58.1-22. Accounts not to be settled until taxes paid or provided for