                                 CODE OF VIRGINIA

DEFINITIONS (§ 64.2-100)

As used in this title, unless the context otherwise requires:
		&#8220;Bona fide purchaser&#8221; means a purchaser of property for value who
has acted in the transaction in good faith. Notice of a seller&#8217;s marital
status, or notice of the existence of a premarital or marital agreement, does
not affect the status of a bona fide purchaser. A &#8220;purchaser&#8221; is one
who acquires property by sale, lease, discount, negotiation, mortgage, pledge,
or lien or who otherwise deals with property in a voluntary transaction, other
than a gift. A purchaser gives &#8220;value&#8221; for property acquired in
return for a binding commitment to extend credit to the transferor or another as
security for or in total or partial satisfaction of a pre-existing claim, or in
return for any other consideration sufficient to support a simple contract.
		&#8220;Fiduciary&#8221; includes a guardian, committee, trustee, executor,
conservator, or personal representative.
		&#8220;Personal representative&#8221; includes the executor under a will or
the administrator of the estate of a decedent, the administrator of such estate
with the will annexed, the administrator of such estate unadministered by a
former representative, whether there is a will or not, any person who is under
the order of a circuit court to take into his possession the estate of a
decedent for administration, and every other curator of a decedent&#8217;s
estate, for or against whom suits may be brought for causes of action that
accrued to or against the decedent.
		&#8220;Trustee&#8221; means a trustee under a probated will or an inter vivos
trust instrument.
		&#8220;Will&#8221; includes any testament, codicil, exercise of a power of
appointment by will or by a writing in the nature of a will, or any other
testamentary disposition.

HISTORY: Code 1950, § 64-47; 1968, c. 656, § 64.1-45; 1992, cc. 617, 647, §
64.1-01; 2012, c. 614.