                                 CODE OF VIRGINIA

CREDITORS TO BE PAID IN ORDER OF THEIR CLASSIFICATION; CLASS PAID RATABLY; WHEN
REPRESENTATIVE NOT LIABLE FOR PAYING DEBT (§ 64.2-529)

No payment shall be made to creditors of any one class until all those of the
preceding class have been fully paid, and if the assets are not sufficient to
pay all the creditors of any one class, the creditors of such class shall be
paid ratably; but a personal representative who, after 12 months from his
qualification, pays a debt or demand of his decedent is not personally liable
for any debt or demand against the decedent of an equal or superior class,
whether it is of record or not, unless he had notice of such debt or demand
before making such payment.

HISTORY: Code 1950, § 64-148; 1968, c. 656, § 64.1-158; 2012, c. 614.