The assignee or beneficial owner of any bond, note, writing or other chose in action, not negotiable may maintain thereon in his own name any action which the original obligee, payee, or contracting party might have brought, but, except as provided in § 8.9A-403, shall allow all just discounts, not only against himself, but against such obligee, payee, or contracting party, before the defendant had notice of the assignment or transfer by such obligee, payee, or contracting party, and shall also allow all such discounts against any intermediate assignor or transferor, the right to which was acquired on the faith of the assignment or transfer to him and before the defendant had notice of the assignment or transfer by such assignor or transferor to another.
Va. Code Ann. § 8.01-13
Assignee or beneficial owner may sue in own name; certain discounts allowed
Applied in 8 court decisions — leading case Nigh v. Koons Buick Pontiac GMC, Inc. (2003)
Most recently applied in Capitol Property Management Corp. v. Nationwide Property & Casualty Insurance Co. (June 2017)
Code 1950, § 8-94; 1964, c. 219; 1966, c. 396; 1977, c. 617.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.