Virginia Code 6.2-203: Contracts and securities from illegal currency dealing void; recovery of payments.
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A. All contracts and securities that originate from, or are made or obtained in whole or in part by means of any illegal currency dealing, trade, or business, shall be void.
Terms Used In Virginia Code 6.2-203
- Contract: A legal written agreement that becomes binding when signed.
- Person: means any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or other legal or commercial entity. See Virginia Code 6.2-100
B. If any person pays any money or other valuable consideration on account of any contract or security originating from, or made or obtained in whole or in part by means of, any illegal currency dealing, trade, or business, such person or his representative or assignee may recover the amount or value of such payment from the person to whom, or to whose use, the payment was made, by bringing suit within one year after such payment.
1987, c. 622, § 6.1-330.52; 2010, c. 794.