CHAPTER 333

An Act to amend and reenact § 26-15 of the Code of Virginia, relating
to accounts of sale under deeds of trust and certain other instruments.

[S 55]
Approved April 1, 1966

Be it enacted by the General Assembly of Virginia:
aan That § 26-15 of the Code of Virginia be amended and reenacted as

ollows:

§ 26-15. When sale is made under any recorded deed of trust, mort-
gage or assignment for benefit of creditors, otherwise than under a decree,
there shall, within four months after the sale, be returned by the trustee
to the commissioner of accounts of the court wherein the instrument was
first recorded an account of sale. The commissioner shall state, settle and
report to the court an account of the transactions of such trustee, and the
same shall be recorded as other fiduciary reports. Any trustee failing to
comply with this section shall forfeit his commissions on such sale, unless
such commissions are allowed by the court. If the commissioner of accounts
of the court wherein an instrument was first recorded is advised in writing
by a party in interest that an account as required by this section has not been
filed, the commissioner and the court shall proceed against the trustee in
ke manner and impose like penalties as set forth in § 26-18, unless such
trustee is excused for sufficient reason. If after a deed of trust is given
on land lying in a county, and before sale thereunder, the land is taken
within the limits of the incorporated city, the returns of the trustee and
settlement of his accounts shall be before the commissioner of accounts
of such city.