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Code of Virginia Title 55.1 — Property and Conveyances

Virginia · statute · Va. Code tit. 55.1 · 866 active provisions

866 active provisions.

Va. Code § 55.1-100

Aliens may acquire, hold, and transmit real estate; when reciprocity required

Any alien, not an enemy, may acquire by purchase or descent and hold real estate in the Commonwealth, and such real estate shall be transmitted in the same manner as real estate held by citizens. However, if, at the time of the transfer, a court of the Commonwealth determines that the laws of a foreign country or sover…

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Va. Code § 55.1-106

Power of disposal in life tenant not to defeat remainder unless exercised; power of disposal held by fiduciary

If any interest in or claim to real estate or personal property is disposed of by deed or will for life, with a limitation in remainder over, and the same instrument confers expressly or by implication a power upon the life tenant in his lifetime or by will to dispose absolutely of such property, the limitation in rema…

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Va. Code § 55.1-117

Land trusts not to fail because no beneficiaries are specified by name and no duties laid on trustee; when interest of beneficiaries deemed personal property; liens

No trust relating to real estate shall fail nor shall any use relating to real estate be defeated because no beneficiaries are specified by name in the recorded deed of conveyance to the trustee or because no duties are imposed upon the trustee. The power conferred by any such instrument on a trustee to sell, lease, en…

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