                                 CODE OF VIRGINIA

RESALE IN CASE OF DEFAULT (§ 55.1-2425)

If the purchaser does not pay the purchase money into the state treasury within
a reasonable time, any deposit is forfeited, and the State Treasurer may rescind
the contract and order a new sale.

HISTORY: Code 1919, § 508; Code 1950, § 55-187; 1990, c. 938; 2019, c. 712.