{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.01-525.2.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.01-525.2.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.01-525.2.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.01-525.2.html"}],"law_id":76412,"edition_id":1,"section_id":76412,"structure_id":16093,"section_number":"8.01-525.2","catch_line":"Substitution of another trustee by creditors","history":"1924, p. 657; Michie Code 1942, \u00a7 5278c; Code 1950, \u00a7 55-157; 2014, c. 330; 2019, c. 712.","full_text":"A majority of the unsecured creditors in number and amount of the assignor may agree in writing upon a trustee different from the one named in the deed of assignment, and upon petition to the court that would have jurisdiction if an action were brought against the assignor, such agreed trustee may be substituted in lieu of such named trustee with all of the rights, powers, and duties conferred upon such named trustee in the deed of assignment. The clerk of the court where the deed of assignment is recorded shall record such order presented by one of the parties and shall include a reference to the order book and page where such deed is recorded, together with the name of the substituted trustee, and shall make proper indexing. The substitute trustee shall reside in the county or city in which the property that is conveyed in the deed of assignment or the greater portion thereof in value is located.","order_by":null,"text":{"0":{"id":274288,"text":"A majority of the unsecured creditors in number and amount of the assignor may agree in writing upon a trustee different from the one named in the deed of assignment, and upon petition to the court that would have jurisdiction if an action were brought against the assignor, such agreed trustee may be substituted in lieu of such named trustee with all of the rights, powers, and duties conferred upon such named trustee in the deed of assignment. The clerk of the court where the deed of assignment is recorded shall record such order presented by one of the parties and shall include a reference to the order book and page where such deed is recorded, together with the name of the substituted trustee, and shall make proper indexing. The substitute trustee shall reside in the county or city in which the property that is conveyed in the deed of assignment or the greater portion thereof in value is located.","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}],"previous_section":{"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},"next_section":{"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},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-525.2\/","history_text":"

The record of this law\u2019s original creation isn\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 2014, chapter 330<\/a>; in 2019, chapter 712<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":278375,"object_type":"law","relational_id":76412,"identifier":"8.01-525.2","token":"8.01\/18.1\/1\/8.01-525.2","url":"\/8.01-525.2\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.01-525.2\/","token":"8.01\/18.1\/1\/8.01-525.2","dublin_core":{"Title":"Substitution of another trustee by creditors","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-525.2","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A majority of the unsecured creditors<\/span> in number and amount of the assignor may agree in writing upon a trustee different from the one named in the deed of assignment, and upon petition<\/span> to the court<\/span> that would have jurisdiction<\/span> if an action<\/span> were brought against the assignor, such agreed trustee may be substituted in lieu of such named trustee with all of the rights, powers, and duties conferred upon such named trustee in the deed of assignment. The clerk of the court<\/span> where the deed of assignment is recorded shall record such order<\/span> presented by one of the parties and shall include a reference to the order<\/span> book and page where such deed is recorded, together with the name of the substituted trustee, and shall make proper indexing. The substitute trustee shall reside in the county or city in which the property that is conveyed in the deed of assignment or the greater portion thereof in value is located.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUBSTITUTION OF ANOTHER TRUSTEE BY CREDITORS (\u00a7 8.01-525.2)\n\nA majority of the unsecured creditors in number and amount of the assignor may\nagree in writing upon a trustee different from the one named in the deed of\nassignment, and upon petition to the court that would have jurisdiction if an\naction were brought against the assignor, such agreed trustee may be substituted\nin lieu of such named trustee with all of the rights, powers, and duties\nconferred upon such named trustee in the deed of assignment. The clerk of the\ncourt where the deed of assignment is recorded shall record such order presented\nby one of the parties and shall include a reference to the order book and page\nwhere such deed is recorded, together with the name of the substituted trustee,\nand shall make proper indexing. The substitute trustee shall reside in the\ncounty or city in which the property that is conveyed in the deed of assignment\nor the greater portion thereof in value is located.\n\nHISTORY: 1924, p. 657; Michie Code 1942, \u00a7 5278c; Code 1950, \u00a7 55-157; 2014,\nc. 330; 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}}