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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>87126</law_id><section_number>8.01-26</section_number><catch_line>Assignment of causes of action</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>34-28.1</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.01">Civil Remedies and Procedure</unit><unit label="chapter" level="2" order_by="1" identifier="3">Actions</unit><unit label="article" level="3" order_by="1" identifier="1">Survival and Assignment of Causes of Actions</unit></structure><text>
						<section><p>Only those causes of <span class="dictionary">action</span> for damage to real or personal property, whether such damage be direct or indirect, and causes of <span class="dictionary">action</span> ex contractu are assignable. The provisions of this section shall not prohibit any injured <span class="dictionary">party</span> or his estate from making a voluntary assignment of the proceeds or anticipated proceeds of any <span class="dictionary">court</span> award or <span class="dictionary">settlement</span> (i) as security for new value given in consideration of such voluntary assignment or (ii) into a self-settled trust for which the injured <span class="dictionary">party</span> is the beneficiary. Such self-settled trust may also support the charitable purpose of one or more charitable organizations organized and operated pursuant to &#xA7;&#xA0;501(c)(3) of the Internal Revenue Code.</p></section></text><history>1977, c. 617; 1991, c. 256; 2025, c. 295.</history><metadata></metadata></law>
