2019 US Virgin Islands Code
Title 28 - Property
Chapter 21 - Actions for Partition of Real Property
§ 482. Determination of amount of investment
Universal Citation: V.I. Code tit. 28, § 482 (2019)
- The proportion of the proceeds of the sale to be invested as provided in section 481 of this title shall be ascertained and determined in the several cases as follows:
(1) If an estate in dower is included in the order of sale, its proportion shall be one-third of the proceeds of the sale of the property, or of the sale of the undivided share in such property upon which the claim of dower existed.
(2) If an estate by curtesy, or other estate for life or years, is included in the order of sale, its proportion shall be the whole proceeds of the sale of the property, or of the sale of the undivided share thereof in which such estate may be.
- In all cases the proportion of the expenses of the proceeding shall be deducted from the proceeds of the sale.
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