{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-917.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-917.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-917.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-917.html"}],"law_id":58223,"edition_id":1,"section_id":58223,"structure_id":14866,"section_number":"6.2-917","catch_line":"Execution of powers of sale by receivers","history":"Code 1950, \u00a7 6-117; 1966, c. 584, \u00a7 6.1-103; 2010, c. 794.","full_text":"A\n\nWhen any receiver is appointed under the provisions of this article for any bank authorized to do a trust business or for any trust company, the receiver may be empowered by the court by which he is appointed:1\n\nTo act for and on behalf of such bank or trust company in the execution of any power of sale conferred upon such bank or trust company by any instrument;2\n\nWhen such sale is made, to execute, acknowledge and deliver for and on behalf of such bank or trust company such deed as may be proper under the provisions of such instrument for the conveyance of title to the property conveyed therein; and3\n\nUpon payment of the amount secured under any such instrument, to execute, acknowledge, and deliver for and on behalf of such bank or trust company a proper release deed for the property conveyed therein.B\n\nAny such sale made by such receiver and any such deed or release executed by him, when so authorized and empowered, shall be as effective and as binding as if the same had been made or executed by such bank or trust company before the appointment of such receiver.C\n\nAll sales that have been made by any such receivers within the Commonwealth, and all such deeds and release deeds that have been executed by any such receivers within the Commonwealth under the authority of the court by which they were appointed, since June 19, 1936, shall be as effective and as binding as if the same had been made by such bank or trust company before the appointment of such receiver.","order_by":null,"text":{"0":{"id":213359,"text":"When any receiver is appointed under the provisions of this article for any bank authorized to do a trust business or for any trust company, the receiver may be empowered by the court by which he is appointed:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":213360,"text":"To act for and on behalf of such bank or trust company in the execution of any power of sale conferred upon such bank or trust company by any instrument;","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":213361,"text":"When such sale is made, to execute, acknowledge and deliver for and on behalf of such bank or trust company such deed as may be proper under the provisions of such instrument for the conveyance of title to the property conveyed therein; and","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A3"},"3":{"id":213362,"text":"Upon payment of the amount secured under any such instrument, to execute, acknowledge, and deliver for and on behalf of such bank or trust company a proper release deed for the property conveyed therein.","type":"section","prefixes":["A","3"],"prefix":"3","entire_prefix":"A3","prefix_anchor":"A3","level":2,"prior_prefix":"A2","next_prefix":"B"},"4":{"id":213363,"text":"Any such sale made by such receiver and any such deed or release executed by him, when so authorized and empowered, shall be as effective and as binding as if the same had been made or executed by such bank or trust company before the appointment of such receiver.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A3","next_prefix":"C"},"5":{"id":213364,"text":"All sales that have been made by any such receivers within the Commonwealth, and all such deeds and release deeds that have been executed by any such receivers within the Commonwealth under the authority of the court by which they were appointed, since June 19, 1936, shall be as effective and as binding as if the same had been made by such bank or trust company before the appointment of such receiver.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":14866,"edition_id":1,"name":"Receiverships","identifier":"13","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 03:50:29","date_modified":"2026-06-26 03:50:29","permalink":{"id":265199,"object_type":"structure","relational_id":14866,"identifier":"13","token":"6.2\/II\/8\/13","url":"\/6.2\/II\/8\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":80948,"structure_id":14866,"section_number":"6.2-912","catch_line":"Definition","url":"\/6.2-912\/","token":"6.2\/II\/8\/13\/6.2-912","metadata":false},{"id":56799,"structure_id":14866,"section_number":"6.2-913","catch_line":"Closing bank; appointment of receiver","url":"\/6.2-913\/","token":"6.2\/II\/8\/13\/6.2-913","metadata":false},{"id":64972,"structure_id":14866,"section_number":"6.2-914","catch_line":"Merger or transfer of assets of insolvent bank","url":"\/6.2-914\/","token":"6.2\/II\/8\/13\/6.2-914","metadata":false},{"id":80551,"structure_id":14866,"section_number":"6.2-915","catch_line":"Protection of state deposits upon insolvency","url":"\/6.2-915\/","token":"6.2\/II\/8\/13\/6.2-915","metadata":false},{"id":84969,"structure_id":14866,"section_number":"6.2-916","catch_line":"Appointment of receiver","url":"\/6.2-916\/","token":"6.2\/II\/8\/13\/6.2-916","metadata":false},{"id":58223,"structure_id":14866,"section_number":"6.2-917","catch_line":"Execution of powers of sale by receivers","url":"\/6.2-917\/","token":"6.2\/II\/8\/13\/6.2-917","metadata":false},{"id":67404,"structure_id":14866,"section_number":"6.2-918","catch_line":"Rights and powers of receivers generally","url":"\/6.2-918\/","token":"6.2\/II\/8\/13\/6.2-918","metadata":false},{"id":78346,"structure_id":14866,"section_number":"6.2-919","catch_line":"Interest on deposits; distribution of surplus remaining after payment of depositors","url":"\/6.2-919\/","token":"6.2\/II\/8\/13\/6.2-919","metadata":false},{"id":82233,"structure_id":14866,"section_number":"6.2-920","catch_line":"Proceedings to bar certain claims against banks in liquidation","url":"\/6.2-920\/","token":"6.2\/II\/8\/13\/6.2-920","metadata":false},{"id":81421,"structure_id":14866,"section_number":"6.2-921","catch_line":"When publication of list of creditors unnecessary","url":"\/6.2-921\/","token":"6.2\/II\/8\/13\/6.2-921","metadata":false},{"id":58453,"structure_id":14866,"section_number":"6.2-922","catch_line":"When publication once in two newspapers sufficient","url":"\/6.2-922\/","token":"6.2\/II\/8\/13\/6.2-922","metadata":false},{"id":81832,"structure_id":14866,"section_number":"6.2-923","catch_line":"When claims barred","url":"\/6.2-923\/","token":"6.2\/II\/8\/13\/6.2-923","metadata":false},{"id":79790,"structure_id":14866,"section_number":"6.2-924","catch_line":"Power of receivers to contract for loans and make investments","url":"\/6.2-924\/","token":"6.2\/II\/8\/13\/6.2-924","metadata":false}],"previous_section":{"id":84969,"structure_id":14866,"section_number":"6.2-916","catch_line":"Appointment of receiver","url":"\/6.2-916\/","token":"6.2\/II\/8\/13\/6.2-916","metadata":false},"next_section":{"id":67404,"structure_id":14866,"section_number":"6.2-918","catch_line":"Rights and powers of receivers generally","url":"\/6.2-918\/","token":"6.2\/II\/8\/13\/6.2-918","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-917\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":74671,"section_number":"6.2-886","catch_line":"Regulation of controlled subsidiary corporations by Commission","order_by":null,"url":"\/6.2-886\/"}],"refers_to":false,"permalink":{"id":265221,"object_type":"law","relational_id":58223,"identifier":"6.2-917","token":"6.2\/II\/8\/13\/6.2-917","url":"\/6.2-917\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-917\/","token":"6.2\/II\/8\/13\/6.2-917","dublin_core":{"Title":"Execution of powers of sale by receivers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-917","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> When any receiver is appointed under the provisions of this article for any bank<\/span> authorized to do a trust business or for any trust company, the receiver may be empowered by the court<\/span> by which he is appointed: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> To act for and on behalf of such bank<\/span> or trust company in the execution of any power of sale conferred upon such bank<\/span> or trust company by any instrument; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> When such sale is made, to execute, acknowledge and deliver for and on behalf of such bank<\/span> or trust company such deed as may be proper under the provisions of such instrument for the conveyance of title to the property conveyed therein; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Upon payment of the amount secured under any such instrument, to execute, acknowledge, and deliver for and on behalf of such bank<\/span> or trust company a proper release deed for the property conveyed therein. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Any such sale made by such receiver and any such deed or release executed by him, when so authorized and empowered, shall be as effective and as binding as if the same had been made or executed by such bank<\/span> or trust company before the appointment of such receiver. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> All sales that have been made by any such receivers within the Commonwealth, and all such deeds and release deeds that have been executed by any such receivers within the Commonwealth under the authority of the court<\/span> by which they were appointed, since June 19, 1936, shall be as effective and as binding as if the same had been made by such bank<\/span> or trust company before the appointment of such receiver. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nEXECUTION OF POWERS OF SALE BY RECEIVERS (\u00a7 6.2-917)\n\nA. When any receiver is appointed under the provisions of this article for any\nbank authorized to do a trust business or for any trust company, the receiver\nmay be empowered by the court by which he is appointed:\n\n 1. To act for and on behalf of such bank or trust company in the execution of\n any power of sale conferred upon such bank or trust company by any instrument;\n\n 2. When such sale is made, to execute, acknowledge and deliver for and on\n behalf of such bank or trust company such deed as may be proper under the\n provisions of such instrument for the conveyance of title to the property\n conveyed therein; and\n\n 3. Upon payment of the amount secured under any such instrument, to execute,\n acknowledge, and deliver for and on behalf of such bank or trust company a\n proper release deed for the property conveyed therein.\n\nB. Any such sale made by such receiver and any such deed or release executed by\nhim, when so authorized and empowered, shall be as effective and as binding as\nif the same had been made or executed by such bank or trust company before the\nappointment of such receiver.\n\nC. All sales that have been made by any such receivers within the Commonwealth,\nand all such deeds and release deeds that have been executed by any such\nreceivers within the Commonwealth under the authority of the court by which they\nwere appointed, since June 19, 1936, shall be as effective and as binding as if\nthe same had been made by such bank or trust company before the appointment of\nsuch receiver.\n\nHISTORY: Code 1950, \u00a7 6-117; 1966, c. 584, \u00a7 6.1-103; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}