When property, the sale of which is indemnified, sells for more than enough to satisfy the execution, attachment, or distress warrant under which it is taken, the surplus shall be paid by the officer into the court where the indemnifying bond is required to be returned, or as such court may direct. The court wherein the surplus is held may make such order for the disposition thereof, either temporarily until the question as to the title of the property sold is determined, or absolutely, as in respect to the rights of those interested may seem to it proper.
Code 1950, § 8-235; 1977, c. 617.
Structure Code of Virginia
Title 8.01 - Civil Remedies and Procedure
Chapter 12 - Interpleader; Claims of Third Parties to Property Distrained or Levied on, Etc.
§ 8.01-365. How claim of third party tried
§ 8.01-366. Sale of property when no forthcoming bond is given
§ 8.01-367. Indemnifying bond to officer
§ 8.01-368. Return of such bond to clerk's office
§ 8.01-369. Effect of such bond
§ 8.01-371. How forthcoming bond taken of claimant of property the sale whereof has been suspended
§ 8.01-372. Sale despite bond when property perishable, etc.
§ 8.01-373. When property sells for more than claim, how surplus paid