Code of Virginia - Title 43 Mechanics' And Certain Other Liens - Section 43-65 Protection of assignees, transferees or endorsees of debts secured by mechanics' or crop lien...

§ 43-65. Protection of assignees, transferees or endorsees of debts secured by mechanics' or crop lien...

Whenever any debt secured on real estate or personal property by a mechanics' or crop lien has been assigned, transferred or endorsed to another, in whole or in part by the original payee thereof, such payee, assignee, transferee or endorsee, may cause a memorandum or statement of the assignment to such assignee, transferee, or endorsee to be entered on the margin of the page in the book where such encumbrance securing the same is recorded, which memorandum or statement shall be signed by the assignor, transferrer, or endorser, his duly authorized agent or attorney, and when so signed and the signature thereto attested by the clerk in whose office such encumbrance is recorded the same shall operate as a notice of such assignment and transfer. And where such transfer by the payee is so entered on the margin of the proper book subsequent transfers may likewise be entered in the same manner and with like effect. Provided, however, this section shall not apply to conditional sales contracts of personal property.

(Code 1919, § 6457; 1932, p. 548; 1934, p. 249.)

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Last modified: April 3, 2009