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.)
Disclaimer: These codes may not be the most recent version. Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.