                                 CODE OF VIRGINIA

TERMINATION OF STORAGE AT WAREHOUSEMAN&#8217;S OPTION (§ 8.7-206)

1. A warehouseman may on notifying the person on whose account the goods are
held and any other person known to claim an interest in the goods require
payment of any charges and removal of the goods from the warehouse at the
termination of the period of storage fixed by the document, or, if no period is
fixed, within a stated period not less than 30 days after the notification. If
the goods are not removed before the date specified in the notification, the
warehouseman may sell them in accordance with the provisions of the section on
enforcement of a warehouseman&#8217;s lien (&#xA7; 8.7-210).

2. If a warehouseman in good faith believes that the goods are about to
deteriorate or decline in value to less than the amount of his lien within the
time prescribed in subsection (1), the warehouseman may specify in the
notification any reasonable shorter time for removal of the goods and in case
the goods are not removed, may sell them at public sale held not less than one
week after a single advertisement or posting.

3. If as a result of a quality or condition of the goods of which the
warehouseman had no notice at the time of deposit the goods are a hazard to
other property or to the warehouse or to persons, the warehouseman may sell the
goods at public or private sale without advertisement or posting on reasonable
notification to all persons known to claim an interest in the goods. If the
warehouseman after a reasonable effort is unable to sell the goods he may
dispose of them in any lawful manner and shall incur no liability by reason of
such disposition.

4. The warehouseman must deliver the goods to any person entitled to them under
this title upon due demand made at any time prior to sale or other disposition
under this section.

5. The warehouseman may satisfy his lien from the proceeds of any sale or
disposition under this section but must hold the balance for delivery on the
demand of any person to whom he would have been bound to deliver the goods.

HISTORY: Code 1950, § 61-37; 1964, c. 219; 2004, c. 200.