From the proceeds of any sale held pursuant to the provisions of § 6.2-2310, the company shall deduct all its charges, as stated in such notice, together with any further charges that shall have accrued since the mailing thereof, including reasonable expenses for notices, advertising and sale, together with any charges for which the rental agreement provides. The balance, if any, of such proceeds shall be deposited to the credit of the lessee and shall be paid to the lessee or his assignee or legal representative, on demand and upon production of satisfactory evidence of identity. The company shall be liable to the lessee for interest on any balance so deposited at the annual rate of three percent.
Code 1950, § 6-270; 1966, c. 584, § 6.1-339; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 23 - Safe Deposit Boxes
§ 6.2-2301. Access to joint safe deposit box
§ 6.2-2302. Limited access to safe deposit box upon death of lessee
§ 6.2-2303. Limited access to safe deposit box upon incapacity of lessee
§ 6.2-2304. Duty to deny access to safe deposit boxes under certain conditions
§ 6.2-2305. Notice to lessee upon nonpayment of rent
§ 6.2-2306. Opening box; marking contents
§ 6.2-2307. Disposition of contents
§ 6.2-2308. Certificate of notary public
§ 6.2-2309. Subsequent right of lessee to contents
§ 6.2-2310. Sale of contents after two years
§ 6.2-2311. Disposition of proceeds of sale
§ 6.2-2312. Rental for storage unpaid for three years