An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1950 |
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Law Number | 480 |
Subjects |
Law Body
CHAPTER 480
AN ACT to amend and reenact § 43-53 of the Code of 1950, concern-
ing the docketing of chattel mortgage deeds of trust upon lwe-
stock, poultry, farm machinery, farm equipment and upon
annual and perennial crops and plant products.
: [S 315]
Approved April 7, 1950
Be it enacted by the General Assembly of Virginia:
1. That § 43-53 of the Code of 1950 be amended and reenacted
as follows:
§ 43-58. Docketing.—Chattel deeds of trust executed pur-
suant to this chapter or any instrument intended to operate as such
may be filed for docketing in the office of the clerk of the court
in which deeds are recorded for each county or city in which the
chattels or crops or any portion thereof are located at the time of
such filing.
The clerk of the circuit court in each county shall maintain a
separate book to be known as the agricultural chattel deed of trust
book in which he shall docket each instrument filed pursuant to this
chapter and in such docket he shall set forth the date and hour of
filing, the name of the grantor, the name of the trustee and bene-
ficiary, the amount advanced and the limit of the indebtedness to be
secured thereby and a brief description of the chattels and crops
described in the instrument and the premises upon which the same
are located and he shall retain the instrument in his possession for
future public inspection. Provided, however, the beneficiary may
Withdraw the original instrument by leaving a certified copy thereof
with the clerk who may return the copy to the grantor upon the
release of the lien secured thereunder. The clerk of the circuit
court shall likewise maintain an agricultural chattel deed of trust
index in which he shall index alphabetically under the names of the
grantor and grantee all chattel deeds of trust filed pursuant to
this chapter and on which he shall note the date and hour of the
filing of such instrument. Any instrument affecting the lien of such
chattel deed of trust or its ownership may be filed for docketing
in such office in which the chattel mortgage is filed and, from the
time of filing, each such instrument shall be good and valid as
against subsequent purchasers and creditors, and the fact and time
of filing of each such instrument shall be noted by the clerk of the
court on the margin of the page on which the chattel deed of trust
is docketed ; provided, however, the beneficiary in the said chattel
dced of trust may elect to have the same recorded at length in the
miscellaneous lien book in such clerk’s office in lieu of such docket-
ing in which case docketing in the agricultural chattel deed of trust
book shall not be required, and furthermore, when such chattel
deed of trust is so recorded in the miscellaneous lien book, and
cross indexcd in both the manner required for miscellaneous liens
and agricultural chattel deeds of trust, the original chattel deed
of trust may be returned to the beneficiary named therein without
filing a copy thereof in the clerk’s office, and the beneficiary shall
pay the cost of such recordation in excess of the cost of docketing.
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