2006 Code of Virginia § 55-187 - Resale in case of default

55-187. Resale in case of default.

If the purchaser does not pay the purchase money into the state treasurywithin a reasonable time, deposits, if any, are forfeited and the StateTreasurer may, in his discretion, rescind the contract and order a new sale.

(Code 1919, 508; 1990, c. 938.)

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