Virginia Code 8.01-596: No sale prior to such notification; exceptions.
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No court shall order the sale of any assets of the receivership until a receiver has reported to the court in writing that he has mailed such notices to such creditors at least five days prior to the filing of such report, except that the court may at any time permit the sale of perishable or seasonable goods when necessary to preserve the estate, or may permit the receiver to conduct the business for which he is a receiver as a going business and to sell in the usual course of such business.
Terms Used In Virginia Code 8.01-596
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- in writing: include any representation of words, letters, symbols, numbers, or figures, whether (i) printed or inscribed on a tangible medium or (ii) stored in an electronic or other medium and retrievable in a perceivable form and whether an electronic signature authorized by Virginia Code 1-257
Code 1950, § 8-740; 1977, c. 617.