Virginia § 64.2-529 - Creditors to be paid in order of their classification; class paid ratably; when representative not liable for paying debt
Full text of Virginia Code of Virginia § 64.2-529 — Creditors to be paid in order of their classification; class paid ratably; when representative not liable for paying debt, with citation guidance and answers to common questions.
§ 64.2-529. Creditors to be paid in order of their classification; class paid ratably; when representative not liable for paying debt
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.
Code 1950, § 64-148; 1968, c. 656, § 64.1-158; 2012, c. 614.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 64.2-529
What does Code of Virginia § 64.2-529 cover?
Section 64.2-529 ("Creditors to be paid in order of their classification; class paid ratably; when representative not liable for paying debt") 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 § 64.2-529?
A common citation format is "Code of Virginia § 64.2-529" (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 § 64.2-529 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.