8.01-510 - Sale, collection and disposition of debtor's estate by officer. - Virginia Statutes

§ 8.01-510. Sale, collection and disposition of debtor's estate by officer.

Real estate, conveyed to an officer under this chapter, shall, unless thecourt otherwise direct, be sold as other property levied on is required to besold under § 8.01-492 and be conveyed to the purchaser by the officer. Anofficer to whom there is delivery under this chapter, when the delivery is ofmoney, bank notes, or any goods or chattels, shall dispose of the same as iflevied on by him under a fieri facias; and when the delivery is of evidencesof debts, other than such bank notes, may receive payment of such debtswithin sixty days after such delivery. Any evidence of debt or othersecurity, remaining in his hands at the end of such sixty days, shall bereturned by him to the clerk's office of such court, and collection thereofmay be enforced as prescribed by § 8.01-497. For a failure to make suchreturn, he may be proceeded against as if an express order of the court forsuch return had been disobeyed.

(Code 1950, § 8-440; 1977, c. 617.)