§ 64.1-112. Distribution of property; refunding bond
Before any distribution of the proceeds of the estate of a person determined to be dead, or the payment or transfer of any of his other property, is made and before the sale of any real or personal property passing in kind by persons claiming the same as heirs at law or devisees, next of kin, distributees, beneficiaries, survivors, or other successors in interest, the persons entitled to receive such proceeds or such property in kind shall give a refunding bond without surety upon condition that if the person determined to be dead is in fact alive at that time, they will respectively refund to such person the proceeds or property, or proceeds of such property received by each on demand, without interest thereon.
(Code 1950, § 64-108; 1962, c. 115; 1968, c. 656; 1996, cc. 675, 684; 2006, c. 351.)
Sections: Previous 64.1-105 64.1-105.1 64.1-106 64.1-106.1 64.1-107 64.1-108 64.1-109 64.1-110 64.1-111 64.1-112 64.1-113 64.1-114 64.1-115 NextLast modified: April 3, 2009