64.1-183 - When heir or devisee liable for value of real estate; when purchasers not liable; when premature conveyances to become valid.
§ 64.1-183. When heir or devisee liable for value of real estate; whenpurchasers not liable; when premature conveyances to become valid.
Any heir or devisee who shall sell and convey any real estate, which by thischapter is made assets, shall be liable to those entitled to be paid out ofthe assets, for the value thereof, with interest; in such case, the estateconveyed shall not be liable if the conveyance was bona fide, and at the timeof such conveyance no suit shall have been commenced for the administrationof the assets nor any reports have been filed as aforesaid of the debts anddemands of those entitled. But no alienation of such estate, made by an heiror devisee, within one year after the death of the testator or intestate,shall be valid against creditors of such testator or intestate, although nosuch suit shall have been commenced or report of debts and demands filedwithin such year, except as provided in § 64.1-184. Any conveyance heretoforeor hereafter made within one year after the death of a decedent shall, afterthe expiration of said year, be valid to all intents and purposes as if madeafter the expiration of said year, if at the expiration of said year no suchsuit shall have been commenced.
(Code 1950, § 64-173; 1950, p. 606; 1968, c. 656.)