§19-18-10 Sale of impounded stock; disposition of proceeds. - West Virginia Statutes

§19-18-10. Sale of impounded stock; disposition of proceeds.
The sale of stock impounded under the provisions of this article, or article nineteen of this chapter, shall be at public auction to the highest bidder for cash, and shall be advertised by posting notices thereof in three public places in the district wherein the stock is impounded at least ten days preceding the day of sale, and a copy of the first notice required by section eight of this article, or, in case the owner of the stock to be sold is unknown or a nonresident of the state, a copy of the first affidavit required by section nine of this article shall be attached to and posted with each sale notice. The proceeds of the sale shall be applied; first, to the payment of all costs incident to the sale; second, to the payment of any damages sustained and costs of keeping the impounded stock; and third, the residue, if any, shall be paid to the owner of the stock sold; if the owner be unknown and application therefor be not made within ninety days from the day of sale, the same shall be paid into the county treasury.