2006 Code of Virginia § 34-20 - Proceeds of sale of estate exempt; how evidenced

34-20. Proceeds of sale of estate exempt; how evidenced.

The estate or property in which proceeds of sale are invested, or which maybe acquired in exchange, under any of the preceding sections of this chapter,shall be held exempt in like manner and to the like extent as the estate soldor exchanged was held. But such estate or property when acquired in exchangeor otherwise than by investment under an order of court, or unless when setapart by a court, shall be set apart, if real estate, by such a writing as isprescribed by 34-6; if personal estate, by such a writing as is prescribedby 34-14; and such writing shall be recorded as provided by the samesections, respectively. In addition to the requirements of such sections, thewriting shall state from what source the estate was derived and with whatmeans acquired. When such estate is invested or set apart under an order ofcourt, a copy of the order and of any report of a commissioner or otherofficer making the investment thereunder, if confirmed, and a copy of theorder of confirmation, duly certified by the clerk of the court, shall berecorded in the deed book of the county or city wherein the writing, if theestate had been set apart by a writing, is required to be recorded.

(Code 1919, 6546.)