Statutes > Virginia Statutes > Title 55 - PROPERTY AND CONVEYANCES. > Chapter 9 - Assignments for Benefit of Creditors (55-156 thru 55-167) > 55-159 - Provision to bar further claim by creditors who accept deed.

55-159 - Provision to bar further claim by creditors who accept deed.

§ 55-159. Provision to bar further claim by creditors who accept deed.

Any such deed of assignment may contain a provision to the effect that thosecreditors who accept thereunder do so in full satisfaction of theirrespective claims and shall be forever barred from further recovery of anybalance.

(1924, p. 658; Michie Code 1942, § 5278d.)