{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.01-525.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.01-525.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.01-525.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.01-525.1.html"}],"law_id":69633,"edition_id":1,"section_id":69633,"structure_id":16093,"section_number":"8.01-525.1","catch_line":"Recordation; notice of sale; preferences prohibited","history":"1924, p. 657; Michie Code 1942, \u00a7 5278b; Code 1950, \u00a7 55-156; 2019, c. 712.","full_text":"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 of assignment, shall, at least 10 days before the sale, notify each of the creditors named in the deed by certified mail, return receipt requested, advising of (i) the execution of such sale; (ii) when, where, and how the sale will be held; (iii) the terms of such sale; and (iv) whether or not the deed provides that acceptance shall be in full satisfaction. No creditor shall be preferred in the deed except those given a lien or preference by law, or those having a valid lien upon the property conveyed, or some part of such lien, and those having a lien shall be preferred only to the extent of the value of the property upon which they have a lien.","order_by":null,"text":{"0":{"id":251775,"text":"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 of assignment, shall, at least 10 days before the sale, notify each of the creditors named in the deed by certified mail, return receipt requested, advising of (i) the execution of such sale; (ii) when, where, and how the sale will be held; (iii) the terms of such sale; and (iv) whether or not the deed provides that acceptance shall be in full satisfaction. No creditor shall be preferred in the deed except those given a lien or preference by law, or those having a valid lien upon the property conveyed, or some part of such lien, and those having a lien shall be preferred only to the extent of the value of the property upon which they have a lien.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16093,"edition_id":1,"name":"Assignment of Property","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":13769,"metadata":{},"date_created":"2026-06-26 04:05:41","date_modified":"2026-06-26 04:05:41","permalink":{"id":278369,"object_type":"structure","relational_id":16093,"identifier":"1","token":"8.01\/18.1\/1","url":"\/8.01\/18.1\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13769,"edition_id":1,"name":"Assignments For Benefit Of Creditors","identifier":"18.1","label":"chapter","depth":2,"order_by":1,"parent_id":12747,"metadata":{},"date_created":"2026-06-26 03:45:49","date_modified":"2026-06-26 03:45:49","permalink":{"id":278367,"object_type":"structure","relational_id":13769,"identifier":"18.1","token":"8.01\/18.1","url":"\/8.01\/18.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12747,"edition_id":1,"name":"Civil Remedies and Procedure","identifier":"8.01","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":277029,"object_type":"structure","relational_id":12747,"identifier":"8.01","token":"8.01","url":"\/8.01\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":69633,"structure_id":16093,"section_number":"8.01-525.1","catch_line":"Recordation; notice of sale; preferences prohibited","url":"\/8.01-525.1\/","token":"8.01\/18.1\/1\/8.01-525.1","metadata":false},{"id":76412,"structure_id":16093,"section_number":"8.01-525.2","catch_line":"Substitution of another trustee by creditors","url":"\/8.01-525.2\/","token":"8.01\/18.1\/1\/8.01-525.2","metadata":false},{"id":63410,"structure_id":16093,"section_number":"8.01-525.3","catch_line":"Procedure to question claim of creditor","url":"\/8.01-525.3\/","token":"8.01\/18.1\/1\/8.01-525.3","metadata":false},{"id":64464,"structure_id":16093,"section_number":"8.01-525.4","catch_line":"Provision to bar further claim by creditors who accept deed","url":"\/8.01-525.4\/","token":"8.01\/18.1\/1\/8.01-525.4","metadata":false},{"id":86856,"structure_id":16093,"section_number":"8.01-525.5","catch_line":"Compensation of trustee","url":"\/8.01-525.5\/","token":"8.01\/18.1\/1\/8.01-525.5","metadata":false}],"next_section":{"id":76412,"structure_id":16093,"section_number":"8.01-525.2","catch_line":"Substitution of another trustee by creditors","url":"\/8.01-525.2\/","token":"8.01\/18.1\/1\/8.01-525.2","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-525.1\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 1 time. 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. That modification is as follows: in 2019, chapter 712<\/a>.<\/p>","references":[{"id":61092,"section_number":"55.1-702","catch_line":"Exemptions","order_by":null,"url":"\/55.1-702\/"}],"refers_to":false,"permalink":{"id":278371,"object_type":"law","relational_id":69633,"identifier":"8.01-525.1","token":"8.01\/18.1\/1\/8.01-525.1","url":"\/8.01-525.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.01-525.1\/","token":"8.01\/18.1\/1\/8.01-525.1","dublin_core":{"Title":"Recordation; notice of sale; preferences prohibited","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-525.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Whenever a deed of assignment for the benefit of creditors<\/span> 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 of assignment, shall, at least 10 days before the sale, notify each of the creditors<\/span> named in the deed by certified mail, return receipt requested, advising of (i) the execution of such sale; (ii) when, where, and how the sale will be held; (iii) the terms of such sale; and (iv) whether or not the deed provides that acceptance shall be in full satisfaction. No creditor<\/span> shall be preferred in the deed except those given a lien<\/span> or preference by law<\/span>, or those having a valid lien<\/span> upon the property conveyed, or some part of such lien<\/span>, and those having a lien<\/span> shall be preferred only to the extent of the value of the property upon which they have a lien<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nRECORDATION; NOTICE OF SALE; PREFERENCES PROHIBITED (\u00a7 8.01-525.1)\n\nWhenever a deed of assignment for the benefit of creditors is executed, the deed\nshall be recorded. If no notice of the sale has previously been given, the\ntrustee named in such deed, or the one substituted in the manner prescribed in\nthis article, before selling under the deed of assignment, shall, at least 10\ndays before the sale, notify each of the creditors named in the deed by\ncertified mail, return receipt requested, advising of (i) the execution of such\nsale; (ii) when, where, and how the sale will be held; (iii) the terms of such\nsale; and (iv) whether or not the deed provides that acceptance shall be in full\nsatisfaction. No creditor shall be preferred in the deed except those given a\nlien or preference by law, or those having a valid lien upon the property\nconveyed, or some part of such lien, and those having a lien shall be preferred\nonly to the extent of the value of the property upon which they have a lien.\n\nHISTORY: 1924, p. 657; Michie Code 1942, \u00a7 5278b; Code 1950, \u00a7 55-156; 2019,\nc. 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}}