CODE OF VIRGINIA

VOLUNTARY GIFTS, ETC., VOID AS TO PRIOR CREDITORS (§ 55-81)

Every gift, conveyance, assignment, transfer or charge which is not upon
consideration deemed valuable in law, or which is upon consideration of
marriage, by an insolvent transferor, or by a transferor who is thereby rendered
insolvent, shall be void as to creditors whose debts shall have been contracted
at the time it was made, but shall not, on that account merely, be void as to
creditors whose debts shall have been contracted or as to purchasers who shall
have purchased after it was made. Even though it is decreed to be void as to a
prior creditor, because voluntary or upon consideration of marriage, it shall
not, for that cause, be decreed to be void as to subsequent creditors or
purchasers.

HISTORY: Code 1919, § 5185; 1988, c. 512.