8.01-557 - Lien of attachment; priority of holder in due course. - Virginia Statutes

§ 8.01-557. Lien of attachment; priority of holder in due course.

The plaintiff shall have a lien from the time of the levying of suchattachment, or serving a copy thereof as aforesaid, upon the personalproperty of the principal defendant, when the same is in his possession,actual or constructive, and upon the personal property, choses in action, andother securities of such defendant in the hands of, or owing by a codefendanton whom it is so served; and on any real estate mentioned in such anendorsement by the officer on the attachment or summons as is prescribed by §8.01-550, from the time of levy and service pursuant to such section. But aholder in due course of negotiable paper shall have priority over anattachment levied thereon.

(Code 1950, § 8-545; 1977, c. 617.)