Tag Archives: restraint on alienation

Client Alert: Canova Land and Investment Company v. Carolyn Lynn

This morning, the Supreme Court of Virginia interpreted a restriction contained within a 146-year-old deed as not being an unreasonable restraint on alienation. In Canova Land and Investment Company v. Carolyn Lynn, the Supreme Court analyzed whether ancient deed restrictions, undiscovered by a subsequent lender, vitiate the security for its loan. In 1875, Edna and Levi Lynn granted a deed to ... Read More