                                 CODE OF VIRGINIA

DISPOSITION OF PROCEEDS OF SALE (§ 6.2-2311)

From the proceeds of any sale held pursuant to the provisions of § 6.2-2310,
the company shall deduct all its charges, as stated in such notice, together
with any further charges that shall have accrued since the mailing thereof,
including reasonable expenses for notices, advertising and sale, together with
any charges for which the rental agreement provides. The balance, if any, of
such proceeds shall be deposited to the credit of the lessee and shall be paid
to the lessee or his assignee or legal representative, on demand and upon
production of satisfactory evidence of identity. The company shall be liable to
the lessee for interest on any balance so deposited at the annual rate of three
percent.

HISTORY: Code 1950, § 6-270; 1966, c. 584, § 6.1-339; 2010, c. 794.