3.2-5139 - Disposition of proceeds from sale of such goods. - Virginia Statutes

§ 3.2-5139. Disposition of proceeds from sale of such goods.

The proceeds arising from any sale of seized property or goods shall be paidinto the state treasury and credited to the general fund. If the owner orparty claiming the property or goods can produce and prove a written guarantyof purity, signed by the wholesaler, jobber, manufacturers, or other partyresiding within the Commonwealth from whom the articles were purchased, thenthe proceeds of the sale, over and above the costs of seizure, forfeiture andsale, shall be paid to the owner or claimant to reimburse him, to the extentof such surplus, for his actual loss resulting from the seizure andforfeiture as shown by the invoice.

(Code 1950, § 3-334; 1966, c. 702, § 3.1-413; 2008, c. 860.)