Virginia § 8.01-12 Suit by beneficial owner when legal title in another

Virginia Statutes

§ 8.01-12 — Suit by beneficial owner when legal title in another

Virginia § 8.01-12

Title 8.01Civil Remedies and Procedure

Ch. 2PARTIES

Art. 2SPECIAL PROVISIONS

This text of Virginia § 8.01-12 (Suit by beneficial owner when legal title in another) 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. § 8.01-12 (2026).

Text

When the legal title to any claim or chose in action, for the enforcement of the collection of which a court of equity has jurisdiction, is in one person and the beneficial equitable title thereto is in another, the latter may either maintain a suit in the name of the holder of the legal title for his use and benefit or in his own name to enforce collection of the same. In either case the beneficial equitable owner shall be deemed the real plaintiff and shall be liable for costs.

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When the legal title to any claim or chose in action, for the enforcement of the collection of which a court of equity has jurisdiction, is in one person and the beneficial equitable title thereto is in another, the latter may either maintain a suit in the name of the holder of the legal title for his use and benefit or in his own name to enforce collection of the same. In either case the beneficial equitable owner shall be deemed the real plaintiff and shall be liable for costs.