HB2765: Construction; slayer statute.

HOUSE BILL NO. 2765
Offered January 10, 2007
Prefiled January 10, 2007
A BILL to amend and reenact § 55-414 of the Code of Virginia, relating to acts barring property rights; slayer statute.
Patron-- Hurt

Committee Referral Pending

Be it enacted by the General Assembly of Virginia:

1.  That § 55-414 of the Code of Virginia is amended and reenacted as follows:

§ 55-414. Construction.

A. This chapter shall not be considered penal in nature, but shall be construed broadly in order to effect the policy of this Commonwealth that no person shall be allowed to profit by his own wrong, wherever committed.

B. If this chapter or any part thereof is preempted by federal law with respect to a payment, an item of property, or any other benefit covered by this chapter, any person who, not for value, receives a payment, an item of property, or any other benefit to which he is not entitled under this chapter, shall return that payment, item of property, or other benefit or be liable for the amount of the payment or the value of the property or benefit to the person who would have been entitled to it were this chapter or part thereof not preempted.