40-1-8 Effect of recording certain contracts as to creditors and purchasers; memorandum of lease may be recorded
40-1-9 Contracts, deeds and mortgages invalid as to creditors and purchasers until recorded
40-1-10 When recordation in more than one county necessary
40-1-13 Priorities of writings admitted to record on same day
40-1-14 Construction of words “creditors” and “purchasers.”
40-1-15 Purchaser not affected by record not in chain of title
40-1-16 Certain sections not to apply to transfer or assignment of trust deed or mortgage

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Terms Used In West Virginia Code > Chapter 40 > Article 1 - Acts Generally Void as to Creditors and Purchasers

  • Contract: A legal written agreement that becomes binding when signed.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.