§ 33.1-121. Payment of certificates of deposit; notice to owner
A. A certificate of deposit shall be deemed and held for the purpose of this article to be payment into the custody of such court. Payment against any certificate of deposit so issued and countersigned, when ordered by the court named therein, shall be paid by the State Treasurer on warrants of the Comptroller, issued on vouchers signed by the Commonwealth Transportation Commissioner.
B. A duplicate of each certificate of deposit so issued and countersigned shall be kept as a record in the office of the Commonwealth Transportation Commissioner and a copy thereof shall be filed with the State Treasurer.
C. The Commissioner shall give notice to the owner or tenant of the freehold by registered mail, if known, that a certificate of deposit will be filed.
(Code 1950, § 33-70.3; 1958, c. 581; 1970, c. 322; 2003, c. 940.)
Sections: Previous 33.1-106 33.1-107 33.1-116 33.1-117 33.1-118 33.1-119 33.1-120 33.1-121 33.1-122 33.1-123 33.1-124 33.1-125 33.1-126 33.1-127 33.1-128 NextLast modified: April 3, 2009