§ 6.1-339. Disposition of proceeds of sale
From the proceeds of any sale held pursuant to the provisions of the preceding section (§ 6.1-338), the company, bank, trust company, or other corporation, shall deduct all its charges, as stated in such notice, together with any further charges that shall have accrued since the mailing thereof, including reasonable expenses for notices, advertising and sale, together with legal interest on all such charges. The balance, if any, of such proceeds, shall be deposited to the credit of such renter or lessee, and the same shall be paid to such renter or lessee or his assignee, or legal representative, on demand and upon production of satisfactory evidence of identity. The company, bank, trust company or other corporation shall be liable to such renter or lessee for interest on any balance so deposited at the rate of three per centum per annum.
(Code 1950, § 6-270; 1966, c. 584.)
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