Tuesday, July 8, 2008
The General Assembly is now in session.
Tracking Virginia’s General Assembly
since 2007.
HB778: Recordation of deeds; required to be filed within 120 days of transaction.
Be it enacted by the General Assembly of Virginia:
1. That § 55-2 of the Code of Virginia is amended and reenacted as follows:
§ 55-2. When deed or will necessary to convey estate; no parol partition or gift valid.
No estate of inheritance or freehold or for a term of more than five years in lands shall be conveyed unless by deed or will, nor shall any voluntary partition of lands by coparceners, having such an estate therein, be made, except by deed; nor shall any right to a conveyance of any such estate or term in land accrue to the donee of the land or those claiming under him, under a gift or promise of gift of the same not in writing, although such gift or promise be followed by possession thereunder and improvement of the land by the donee or those claiming under him.
Whenever real property is conveyed or transferred by deed, the deed shall be filed for recordation, pursuant to § 17.1-228, within 120 days of the transaction that conveyed or transferred the deed or such conveyance or transferal is void.
Additional Data
Explanation
This is the actual text of the bill — the legislation itself. Generally this is amending existing law, proposing the addition or removal of words from laws that are already on the books.
Words that are highlighted in yellow are
proposed additions, and words that are crossed out in
red are proposed removals.
The numbers with the § symbol before them are references to existing laws, and if you click on them they’ll take you to that part of the law on the state's website.