                                 CODE OF VIRGINIA

PRIORITY OF TAXES, ETC., IN DISTRIBUTIONS (§ 58.1-6)

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&#8217;s estate and in regard to the exemption of a poor debtor.

HISTORY: Code 1950, § 58-24; 1984, c. 675.