{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/55.1-502.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/55.1-502.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/55.1-502.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/55.1-502.html"}],"law_id":69650,"edition_id":1,"section_id":69650,"structure_id":15130,"section_number":"55.1-502","catch_line":"Table of uniform seniority","history":"1973, c. 355, \u00a7 55-272.1; 1981, c. 612; 2019, c. 712.","full_text":"When any two parties, as joint tenants for life, are entitled to the annual interest on a sum of money, or are entitled to the use of any estate or a part thereof, and are willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable joint lives of such persons (which probable joint lives shall be computed from the table in this section for computing uniform seniority) as set forth in Column II in the table in \u00a7 55.1-500, showing the present value, on the basis of eight percent interest, of an annuity of $1 payable at the end of every year that two persons of given ages may both be living for the ages therein stated:\n\t\tTABLE OF UNIFORM SENIORITY","order_by":null,"text":{"0":{"id":251806,"text":"When any two parties, as joint tenants for life, are entitled to the annual interest on a sum of money, or are entitled to the use of any estate or a part thereof, and are willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable joint lives of such persons (which probable joint lives shall be computed from the table in this section for computing uniform seniority) as set forth in Column II in the table in \u00a7 55.1-500, showing the present value, on the basis of eight percent interest, of an annuity of $1 payable at the end of every year that two persons of given ages may both be living for the ages therein stated:\n\t\tTABLE OF UNIFORM SENIORITY","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15130,"edition_id":1,"name":"Commutation and Valuation of Certain Estates and Interests","identifier":"5","label":"chapter","depth":3,"order_by":1,"parent_id":13327,"metadata":{},"date_created":"2026-06-26 03:52:22","date_modified":"2026-06-26 03:52:22","permalink":{"id":245325,"object_type":"structure","relational_id":15130,"identifier":"5","token":"55.1\/I\/5","url":"\/55.1\/I\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13327,"edition_id":1,"name":"Property Conveyances","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12707,"metadata":{},"date_created":"2026-06-26 03:44:39","date_modified":"2026-06-26 03:44:39","permalink":{"id":244771,"object_type":"structure","relational_id":13327,"identifier":"I","token":"55.1\/I","url":"\/55.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12707,"edition_id":1,"name":"Property and Conveyances","identifier":"55.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":244769,"object_type":"structure","relational_id":12707,"identifier":"55.1","token":"55.1","url":"\/55.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":76205,"structure_id":15130,"section_number":"55.1-500","catch_line":"Annuity table","url":"\/55.1-500\/","token":"55.1\/I\/5\/55.1-500","metadata":false},{"id":59907,"structure_id":15130,"section_number":"55.1-501","catch_line":"Rule of calculation under \u00a7 55.1-500","url":"\/55.1-501\/","token":"55.1\/I\/5\/55.1-501","metadata":false},{"id":69650,"structure_id":15130,"section_number":"55.1-502","catch_line":"Table of uniform seniority","url":"\/55.1-502\/","token":"55.1\/I\/5\/55.1-502","metadata":false},{"id":72822,"structure_id":15130,"section_number":"55.1-503","catch_line":"Rules of calculation under \u00a7 55.1-502","url":"\/55.1-503\/","token":"55.1\/I\/5\/55.1-503","metadata":false},{"id":72791,"structure_id":15130,"section_number":"55.1-504","catch_line":"Makehamized mortality table","url":"\/55.1-504\/","token":"55.1\/I\/5\/55.1-504","metadata":false},{"id":84458,"structure_id":15130,"section_number":"55.1-505","catch_line":"Commutation in case of persons under disability","url":"\/55.1-505\/","token":"55.1\/I\/5\/55.1-505","metadata":false},{"id":57639,"structure_id":15130,"section_number":"55.1-506","catch_line":"Commutation of certain life estates","url":"\/55.1-506\/","token":"55.1\/I\/5\/55.1-506","metadata":false}],"previous_section":{"id":59907,"structure_id":15130,"section_number":"55.1-501","catch_line":"Rule of calculation under \u00a7 55.1-500","url":"\/55.1-501\/","token":"55.1\/I\/5\/55.1-501","metadata":false},"next_section":{"id":72822,"structure_id":15130,"section_number":"55.1-503","catch_line":"Rules of calculation under \u00a7 55.1-502","url":"\/55.1-503\/","token":"55.1\/I\/5\/55.1-503","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/55.1-502\/","history_text":"

This law was first created in 1973. The record of its establishment is cataloged in chapter 355 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1973 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1981, chapter 612; in 2019, chapter 712<\/a>.<\/p>","references":[{"id":72822,"section_number":"55.1-503","catch_line":"Rules of calculation under \u00a7 55.1-502","order_by":null,"url":"\/55.1-503\/"}],"refers_to":[{"id":76205,"section_number":"55.1-500","catch_line":"Annuity table","order_by":null,"url":"\/55.1-500\/"}],"permalink":{"id":245335,"object_type":"law","relational_id":69650,"identifier":"55.1-502","token":"55.1\/I\/5\/55.1-502","url":"\/55.1-502\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/55.1-502\/","token":"55.1\/I\/5\/55.1-502","dublin_core":{"Title":"Table of uniform seniority","Type":"Text","Format":"text\/html","Identifier":"\u00a7 55.1-502","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

When any two parties, as joint tenants for life, are entitled to the annual interest on a sum of money, or are entitled to the use of any estate or a part thereof, and are willing to accept a gross sum in lieu thereof, or the party<\/span> liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court<\/span> in any legal proceeding orders<\/span> a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable joint lives of such persons (which probable joint lives shall be computed from the table in this section for computing uniform seniority) as set forth in Column II in the table in \u00a7 55.1-500<\/a>, showing the present value, on the basis of eight percent interest, of an annuity of $1 payable at the end of every year that two persons of given ages may both be living for the ages therein stated:\n\t\tTABLE OF UNIFORM SENIORITY<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nTABLE OF UNIFORM SENIORITY (\u00a7 55.1-502)\n\nWhen any two parties, as joint tenants for life, are entitled to the annual\ninterest on a sum of money, or are entitled to the use of any estate or a part\nthereof, and are willing to accept a gross sum in lieu thereof, or the party\nliable for such interest, or affected by such claim, has the right to pay a\ngross sum in lieu thereof, or if the court in any legal proceeding orders a\ngross sum to be paid in lieu thereof, the sum shall be estimated according to\nthe then value of an annuity of eight percent on the principal sum during the\nprobable joint lives of such persons (which probable joint lives shall be\ncomputed from the table in this section for computing uniform seniority) as set\nforth in Column II in the table in \u00a7 55.1-500, showing the present value, on\nthe basis of eight percent interest, of an annuity of $1 payable at the end of\nevery year that two persons of given ages may both be living for the ages\ntherein stated:\n\t\tTABLE OF UNIFORM SENIORITY\n\nHISTORY: 1973, c. 355, \u00a7 55-272.1; 1981, c. 612; 2019, c. 712.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}