                                 CODE OF VIRGINIA

BREACH OF CONTRACT BY SELLER; TRUST TO BE SINGLE PURPOSE TRUST (§ 54.1-2335)

If, after a written request, the seller fails to perform its contractual duties,
the purchaser, executor or administrator of the estate, or heirs, or assigns or
duly authorized representative of the purchaser shall be entitled to maintain a
proper legal or equitable action in any court of competent jurisdiction. No
other purchaser need be made a party to or receive notice of any proceeding
brought pursuant to this section relating to the performance of any other
contract.
		The trust shall be a single purpose trust, and the trust funds shall not be
available to any creditors as assets of the seller.

HISTORY: 1998, cc. 708, 721.