Virginia § 55.1-401 - Voluntary gifts, conveyances, assignments, transfers, or charges; void as to prior creditors
Full text of Virginia Code of Virginia § 55.1-401 — Voluntary gifts, conveyances, assignments, transfers, or charges; void as to prior creditors, with citation guidance and answers to common questions.
§ 55.1-401. Voluntary gifts, conveyances, assignments, transfers, or charges; void as to prior creditors
Every gift, conveyance, assignment, transfer, or charge that is not upon consideration deemed valuable in law, or that 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 were contracted at the time such gift, conveyance, assignment, transfer, or charge was made but shall not, on that account merely, be void as to creditors whose debts have been contracted, or as to purchasers who have purchased, after such gift, conveyance, assignment, transfer, or charge 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.
Code 1919, § 5185; Code 1950, § 55-81; 1988, c. 512; 2019, c. 712.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 55.1-401
What does Code of Virginia § 55.1-401 cover?
Section 55.1-401 ("Voluntary gifts, conveyances, assignments, transfers, or charges; void as to prior creditors") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 55.1-401?
A common citation format is "Code of Virginia § 55.1-401" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 55.1-401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.