§ 6.1-338. Sale of contents after two years
After the expiration of two years from the time of mailing the certificate provided for under § 6.1-336, if such renter or lessee has not obtained delivery of such contents as aforesaid, the company, bank, trust company, or other corporation shall mail in a securely closed, postpaid, registered or certified letter, addressed to such renter or lessee at his last known post-office address, a notice stating that two years have elapsed since the opening of the safe or box and the mailing of a certificate thereof, and that the company, bank, trust company, or other corporation will sell all the property or articles of value set out in such certificate at a time and place stated in such notice, not less than sixty days after the time of mailing such notice, and stating the amount which shall have then become due for rental, up to the time of opening such safe or box, the cost of opening the same and the further cost of safekeeping of its contents for the period since the opening of the safe or box. Unless such renter or lessee shall pay on or before the day mentioned all such sums, and all the charges accruing to the time of payment, together with legal interest on such sums and charges, the company, bank, trust company, or other corporation may sell all the property or articles of value set out in such certificate for cash, at public auction, at the time and place stated in such notice, provided a notice of the time and place of sale has been published twice, not more than twenty days prior to the sale, in a newspaper published in the city, town, or county where the sale is held, or, if there is no such newspaper published in such city, town or county, then in a newspaper published in the city, town, or county nearest thereto having such newspaper.
(Code 1950, § 6-269; 1966, c. 584; 1997, c. 129.)
Sections: Previous 6.1-331 6.1-332 6.1-332.1 6.1-333 6.1-334 6.1-335 6.1-336 6.1-337 6.1-338 6.1-339 6.1-340 6.1-341 6.1-342 NextLast modified: April 16, 2009