Virginia Statutes
§ 55.1-102 — When gift of personal property invalid
Virginia § 55.1-102
JurisdictionVirginia
Title 55.1Property and Conveyances
Subtitle IProperty Conveyances
Ch. 1Creation and Limitation of Estates
Art. 1Creation and Transfer of Estates
This text of Virginia § 55.1-102 (When gift of personal property invalid) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 55.1-102 (2026).
Text
No gift of any personal property is valid (i) unless conveyed by deed or will or (ii) unless the donee or a person claiming under the donee has and remains in actual possession of such personal property. If the donor and donee reside together at the time of the gift, possession at the place of their residence is not a sufficient possession within the meaning of this section. This section shall not apply to personal paraphernalia used exclusively by the donee.
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Legislative History
Code 1919, § 5142; Code 1950, § 55-3; 1973, c. 401; 2019, c. 712.
Nearby Sections
15
§ 55.1-1000
Definitions§ 55.1-1001
Limitation on applicability of chapter§ 55.1-1003
Persons who may act as a settlement agent§ 55.1-1004
Duties of settlement agents§ 55.1-1006
Choice of settlement agent§ 55.1-1007
Disclosure§ 55.1-1008
Conditions for providing escrow, closing, or settlement services and for maintaining escrow accounts§ 55.1-1009
Falsifying settlement statements prohibited§ 55.1-1009.1
Prohibition against payment or receipt of settlement services kickbacks, rebates, commissions, and other payments§ 55.1-1011
Record retention requirementsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 55.1-102, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/55.1/55.1-102.