                                 CODE OF VIRGINIA

FRAUDULENT CONVERSION OR REMOVAL OF PROPERTY SUBJECT TO LIEN OR TITLE TO WHICH
IS IN ANOTHER (§ 18.2-115)

Whenever any person is in possession of any personal property, including motor
vehicles or farm products, in any capacity, the title or ownership of which he
has agreed in writing shall be or remain in another, or on which he has given a
lien, and such person so in possession shall fraudulently sell, pledge, pawn or
remove such property from the premises where it has been agreed that it shall
remain, and refuse to disclose the location thereof, or otherwise dispose of the
property or fraudulently remove the same from the Commonwealth, without the
written consent of the owner or lienor or the person in whom the title is, or,
if such writing be a deed of trust, without the written consent of the trustee
or beneficiary in such deed of trust, he shall be deemed guilty of the larceny
thereof.
		In any prosecution hereunder, the fact that such person after demand therefor
by the lienholder or person in whom the title or ownership of the property is,
or his agent, shall fail or refuse to disclose to such claimant or his agent the
location of the property, or to surrender the same, shall be prima facie
evidence of the violation of the provisions of this section. In the case of farm
products, failure to pay the proceeds of the sale of the farm products to the
secured party, lienholder or person in whom the title or ownership of the
property is, or his agent, within ten days after the sale or other disposition
of the farm products unless otherwise agreed by the lender and borrower in the
obligation of indebtedness, note or other evidence of the debt shall be prima
facie evidence of a violation of the provisions of this section. The venue of
prosecutions against persons fraudulently removing any such property, including
motor vehicles, from the Commonwealth shall be the county or city in which such
property or motor vehicle was purchased or in which the accused last had a legal
residence.
		This section shall not be construed to interfere with the rights of any
innocent third party purchasing such property, unless such writing shall be
docketed or recorded as provided by law.

HISTORY: Code 1950, § 18.1-116; 1960, c. 358; 1975, cc. 14, 15; 1986, c. 484.