Va. Code § 8.01-587

Current with changes from the 2024 legislative session through ch. 845
Section 8.01-587 - Liability of general receivers

Except as otherwise ordered by the court, for good cause shown, a general receiver shall be liable for any loss of income which results from his (i) failure to invest any money held by him pursuant to §§ 8.01-582 through 8.01-586 within sixty days of his receipt of the funds or (ii) failure to pay out any money so ordered by the court within sixty days of the court order. He shall be charged with interest from the date of the court order until such investment or payment is made.

Va. Code § 8.01-587

Code 1950, § 8-730; 1977, c. 617; 1988, c. 841.
Amended by Acts 1988, § c. 841.
Amended by Acts 1977, § c. 617.