                                 CODE OF VIRGINIA

PROCEEDS OF SALE OF ESTATE EXEMPT; HOW EVIDENCED (§ 34-20)

The estate or property in which proceeds of sale are invested, or which may be
acquired in exchange, under any of the preceding sections of this chapter, shall
be held exempt in like manner and to the like extent as the estate sold or
exchanged was held. But such estate or property when acquired in exchange or
otherwise than by investment under an order of court, or unless when set apart
by a court, shall be set apart, if real estate, by such a writing as is
prescribed by § 34-6; if personal estate, by such a writing as is prescribed by
§ 34-14; and such writing shall be recorded as provided by the same sections,
respectively. In addition to the requirements of such sections, the writing
shall state from what source the estate was derived and with what means
acquired. When such estate is invested or set apart under an order of court, a
copy of the order and of any report of a commissioner or other officer making
the investment thereunder, if confirmed, and a copy of the order of
confirmation, duly certified by the clerk of the court, shall be recorded in the
deed book of the county or city wherein the writing, if the estate had been set
apart by a writing, is required to be recorded.

HISTORY: Code 1919, § 6546.