Virginia Code 8.01-525.4: Provision to bar further claim by creditors who accept deed
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Any deed of assignment may contain a provision to the effect that those creditors who accept such assignment do so in full satisfaction of their respective claims and shall be forever barred from further recovery of any balance.
Terms Used In Virginia Code 8.01-525.4
- Deed: The legal instrument used to transfer title in real property from one person to another.
1924, p. 658; Michie Code 1942, § 5278d; Code 1950, § 55-159; 2019, c. 712.