                                 CODE OF VIRGINIA

SALE OF VEHICLE AT PUBLIC AUCTION BY LOCALITY; DISPOSITION OF PROCEEDS (§
46.2-1203)

If an abandoned vehicle in the possession of a locality or an authorized agent
is not reclaimed as provided for in § 46.2-1202, the locality or its authorized
agent shall, notwithstanding the provisions of § 46.2-617, sell it at public
auction. For the purposes of this article, &#8220;public auction,&#8221; when
conducted by any county, city, or town, shall include an Internet sale by
auction. The purchaser of the vehicle shall take title to the vehicle free of
all liens and claims of ownership of others, shall receive a sales receipt from
the sale, and shall be entitled to apply to and receive from the Department a
certificate of title and registration card for the vehicle upon submission of
the sales receipt, the completed Vehicle Removal Certificate, and the receipt
produced by the Department pursuant to § 46.2-1202. The sales receipt from the
sale shall be sufficient title only for purposes of transferring the vehicle to
a demolisher for demolition, wrecking, or dismantling, and in that case no
further titling of the vehicle shall be necessary; however, such demolisher
shall provide the Department acceptable documentation indicating that the
vehicle has been demolished. From the proceeds of the sale of an abandoned
vehicle the locality or its authorized agent shall reimburse itself for the
expenses of the auction, the cost of towing, preserving, and storing the vehicle
which resulted from placing the abandoned vehicle in custody, and all costs, if
any, incurred pursuant to § 46.2-1202. Any remainder from the proceeds of a
sale shall be held for the owner of the abandoned vehicle or any person having
security interests in the vehicle, as their interests may appear, for 60 days,
and then be deposited into the treasury of the locality in which the abandoned
vehicle was abandoned.

HISTORY: 1968, c. 421, § 46.1-555.5; 1989, c. 727; 2004, c. 369; 2013, c. 241;
2021, Sp. Sess. I, c. 374.