8.01-253 - Limitation of suits to avoid voluntary conveyances, etc. - Virginia Statutes

§ 8.01-253. Limitation of suits to avoid voluntary conveyances, etc.

No gift, conveyance, assignment, transfer, or charge, which is not onconsideration deemed valuable in law, or which is upon consideration ofmarriage, shall be avoided in whole or in part for that cause only, unlesswithin five years from its recordation, and if not so recorded within fiveyears from the time the same was or should have been discovered, suit bebrought for that purpose, or the subject thereof, or some part of it, bedistrained or levied on by or at the suit of a creditor, as to whom suchgift, conveyance, assignment, transfer, or charge, is declared to be void by§ 55-81.

(Code 1950, § 8-19; 1977, c. 617.)