8.01-206 - Terms of sale. - Virginia Statutes

§ 8.01-206. Terms of sale.

The sale shall be upon six months' credit; and if the land be not purchasedfor the Commonwealth, the officer shall take bond of the purchaser, withsureties, for the payment of the purchase money to the Commonwealth. Everysuch bond shall mention on what occasion the same was taken, and be returnedto the office of the court from which the execution issued, and the clerkshall endorse thereon the date of its return.

(Code 1950, § 8-769; 1977, c. 617.)