Va. Code § 55.1-2425

Current with changes from the 2024 legislative session through ch. 845

Section 55.1-2425 - Resale in case of default

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.

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

Added by Acts 2019 c. 712, § 1, eff. 10/1/2019.