An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Law Body
Chap. 228.—An ACT to amend and re-enact section 5191 of the Code of Vir-
ginia, relating to release of lien of conditional sales contract. [H B 362]
Approved March 23, 1936
1. Be it enacted by the General Assembly of Virginia, That section
fifty-one hundred and ninety-one of the Code of Virginia be amended
and re-enacted so as to read as follows:
Section 5191. Release of contract or lien provided by section fifty-
one hundred and eighty-nine.—Every vendor in a contract for the sale
of personal property docketed under section fifty-one hundred and
eighty-nine shall, upon payment to him of the amount of the purchase
price in full, as set forth in said contract, cause the same to be marked
satisfied upon the margin of the page of the book where the same is
recorded, which note of satisfaction, when signed by such vendor, his
agent or attorney, and attested by the clerk in whose office such con-
tract is docketed, or when made and signed by such clerk, who is
authorized and directed to make and sign the same upon the filing of
an affidavit by the vendor, assignee or his duly authorized agent, at-
torney or attorney in fact, with such clerk, to the effect that the amount
of the purchase price therein secured and intended to be released or
discharged has been paid in full to such vendor, his agent, attorney
or attorney in fact, who was, when the said purchase price was so
paid, entitled and authorized to receive the same, shall operate as a
release of all claims of such vendor therein, and the clerk for attesting
such release or for making and signing the same upon affidavit filed
as aforesaid, shall have a fee of twenty-five cents, to be paid by the
vendee. Any vendor who shall fail to release a contract, after the whole
amount thereof has been paid to him, for a period of fifteen days after
he shall have received notice from the vendee to mark the contract
satisfied, shall forfeit five dollars to the vendee. If the vendee is
indebted for rent of the house wherein the personal property described
in such contract is stored or kept, and the landlord has taken action
to recover said rent, the vendor, at the request of the landlord, his
agent or attorney, shall state on oath the balance due on said contract
of sale, and upon the payment of the same by the vendee, or his
landlord, shall mark the said contract satisfied in accordance with the
terms and provisions of this section, and for failure so to do shall
forfeit five dollars to the party making such payment.