§ 25.1-305. Authorized condemnor to make payment into court or file certificate of deposit before entering upo...
A. Before entering upon or taking possession of property, the authorized condemnor shall either:
1. Pay into the court wherein condemnation proceedings are pending, or are to be instituted, such sum as is required by subsection B; or
2. File with the court wherein condemnation proceedings are pending, or are to be instituted, a certificate of deposit issued by the authorized condemnor for such sum as is required by subsection B, which shall be deemed and held for the purpose of this chapter to be payment into the custody of such court.
B. The amount to be paid into the court as provided in subdivision A 1 or represented by a certificate of deposit as provided in subdivision A 2 shall be the amount that the authorized condemnor estimates to be the fair value of the land taken, or interest therein sought, and damage done, which estimate shall be based on a bona fide appraisal if required by § 25.1-417.
C. If the condemning authority makes a payment into court as provided in subdivision A 1, it shall also record a certificate of take as provided in § 25.1-307.
D. Payment against a certificate of deposit, when ordered by the court named therein, shall be paid by the authorized condemnor.
(2003, c. 940.)
Sections: Previous 25.1-300 25.1-301 25.1-302 25.1-303 25.1-304 25.1-305 25.1-306 25.1-307 25.1-308 25.1-309 25.1-310 25.1-311 25.1-312 25.1-313 25.1-314 NextLast modified: April 16, 2009