{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.01-587.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.01-587.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.01-587.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.01-587.html"}],"law_id":69775,"edition_id":1,"section_id":69775,"structure_id":16117,"section_number":"8.01-587","catch_line":"Liability of general receivers","history":"Code 1950, \u00a7 8-730; 1977, c. 617; 1988, c. 841.","full_text":"Except as otherwise ordered by the court, for good cause shown, a general receiver shall be liable for any loss of income which results from his (i) failure to invest any money held by him pursuant to \u00a7\u00a7 8.01-582 through 8.01-586 within sixty days of his receipt of the funds or (ii) failure to pay out any money so ordered by the court within sixty days of the court order. He shall be charged with interest from the date of the court order until such investment or payment is made.","order_by":null,"text":{"0":{"id":252184,"text":"Except as otherwise ordered by the court, for good cause shown, a general receiver shall be liable for any loss of income which results from his (i) failure to invest any money held by him pursuant to \u00a7\u00a7 8.01-582 through 8.01-586 within sixty days of his receipt of the funds or (ii) failure to pay out any money so ordered by the court within sixty days of the court order. He shall be charged with interest from the date of the court order until such investment or payment is made.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16117,"edition_id":1,"name":"General Receivers","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":14702,"metadata":{},"date_created":"2026-06-26 04:06:26","date_modified":"2026-06-26 04:06:26","permalink":{"id":279053,"object_type":"structure","relational_id":16117,"identifier":"1","token":"8.01\/22\/1","url":"\/8.01\/22\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14702,"edition_id":1,"name":"Receivers, General and Special","identifier":"22","label":"chapter","depth":2,"order_by":1,"parent_id":12747,"metadata":{},"date_created":"2026-06-26 03:49:25","date_modified":"2026-06-26 03:49:25","permalink":{"id":279051,"object_type":"structure","relational_id":14702,"identifier":"22","token":"8.01\/22","url":"\/8.01\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12747,"edition_id":1,"name":"Civil Remedies and Procedure","identifier":"8.01","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":277029,"object_type":"structure","relational_id":12747,"identifier":"8.01","token":"8.01","url":"\/8.01\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":63701,"structure_id":16117,"section_number":"8.01-582","catch_line":"Appointment of general receivers; their duties; audit of funds","url":"\/8.01-582\/","token":"8.01\/22\/1\/8.01-582","metadata":false},{"id":73240,"structure_id":16117,"section_number":"8.01-583","catch_line":"How securities taken and kept; power of receivers over same","url":"\/8.01-583\/","token":"8.01\/22\/1\/8.01-583","metadata":false},{"id":77860,"structure_id":16117,"section_number":"8.01-584","catch_line":"How dividends and interest collected and invested","url":"\/8.01-584\/","token":"8.01\/22\/1\/8.01-584","metadata":false},{"id":76376,"structure_id":16117,"section_number":"8.01-585","catch_line":"How accounts kept by receivers","url":"\/8.01-585\/","token":"8.01\/22\/1\/8.01-585","metadata":false},{"id":75298,"structure_id":16117,"section_number":"8.01-586","catch_line":"Inquiry as to unknown owners of funds","url":"\/8.01-586\/","token":"8.01\/22\/1\/8.01-586","metadata":false},{"id":69775,"structure_id":16117,"section_number":"8.01-587","catch_line":"Liability of general receivers","url":"\/8.01-587\/","token":"8.01\/22\/1\/8.01-587","metadata":false},{"id":72633,"structure_id":16117,"section_number":"8.01-588","catch_line":"Bonds generally","url":"\/8.01-588\/","token":"8.01\/22\/1\/8.01-588","metadata":false},{"id":75269,"structure_id":16117,"section_number":"8.01-588.1","catch_line":"Bonds apportioned to funds under control; annual reports","url":"\/8.01-588.1\/","token":"8.01\/22\/1\/8.01-588.1","metadata":false},{"id":80014,"structure_id":16117,"section_number":"8.01-589","catch_line":"Compensation and fees; when none allowed","url":"\/8.01-589\/","token":"8.01\/22\/1\/8.01-589","metadata":false},{"id":73365,"structure_id":16117,"section_number":"8.01-590","catch_line":"Penalty for failure of duty","url":"\/8.01-590\/","token":"8.01\/22\/1\/8.01-590","metadata":false}],"previous_section":{"id":75298,"structure_id":16117,"section_number":"8.01-586","catch_line":"Inquiry as to unknown owners of funds","url":"\/8.01-586\/","token":"8.01\/22\/1\/8.01-586","metadata":false},"next_section":{"id":72633,"structure_id":16117,"section_number":"8.01-588","catch_line":"Bonds generally","url":"\/8.01-588\/","token":"8.01\/22\/1\/8.01-588","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-587\/","history_text":"<p>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 1977, chapter 617; in 1988, chapter 841.<\/p>","references":false,"refers_to":[{"id":63701,"section_number":"8.01-582","catch_line":"Appointment of general receivers; their duties; audit of funds","order_by":null,"url":"\/8.01-582\/"},{"id":75298,"section_number":"8.01-586","catch_line":"Inquiry as to unknown owners of funds","order_by":null,"url":"\/8.01-586\/"}],"permalink":{"id":279075,"object_type":"law","relational_id":69775,"identifier":"8.01-587","token":"8.01\/22\/1\/8.01-587","url":"\/8.01-587\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.01-587\/","token":"8.01\/22\/1\/8.01-587","dublin_core":{"Title":"Liability of general receivers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-587","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>Except as otherwise ordered by the court, for good cause shown, a general receiver shall be liable for any loss of income which results from his (i) failure to invest any money held by him pursuant to \u00a7\u00a7&nbsp;<a class=\"law\" title=\"Appointment of general receivers; their duties; audit of funds\" href=\"\/8.01-582\/\">8.01-582<\/a> through <a class=\"law\" title=\"Inquiry as to unknown owners of funds\" href=\"\/8.01-586\/\">8.01-586<\/a> within sixty days of his receipt of the funds or (ii) failure to pay out any money so ordered by the court within sixty days of the <span class=\"dictionary\">court order<\/span>. He shall be charged with interest from the date of the <span class=\"dictionary\">court order<\/span> until such investment or payment is made.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nLIABILITY OF GENERAL RECEIVERS (\u00a7 8.01-587)\n\nExcept as otherwise ordered by the court, for good cause shown, a general\nreceiver shall be liable for any loss of income which results from his (i)\nfailure to invest any money held by him pursuant to \u00a7\u00a7 8.01-582 through\n8.01-586 within sixty days of his receipt of the funds or (ii) failure to pay\nout any money so ordered by the court within sixty days of the court order. He\nshall be charged with interest from the date of the court order until such\ninvestment or payment is made.\n\nHISTORY: Code 1950, \u00a7 8-730; 1977, c. 617; 1988, c. 841.","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}}