Va. Code Ann. § 55.1-102
This is the official text of Va. Code Ann. § 55.1-102, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject. This particular section falls under Title 55.1, “Property and Conveyances.”
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When gift of personal property invalid
Official statutory 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.
Code 1919, § 5142; Code 1950, § 55-3; 1973, c. 401; 2019, c. 712 .
Code 1919, § 5142; Code 1950, § 55-3; 1973, c. 401; 2019, c. 712 .
Status: in_force · Read it on the official government site
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