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
Volume | 1893/1894 |
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Law Number | 416 |
Subjects |
Law Body
Chap. 416.—An ACT to amend and re-enact section 2498 of the code, in relation
i entering on record payment or satisfaction of certain encumbrances and
iens.
Approved February 27, 1894.
1. Be it enacted by the general assembly of Virginia, That sec-
tion twenty-four hundred and ninety-eight of the code of eighteen
hundred and eighty-seven be amended and re-enacted so as to read
as follows:
§ 2498. When payment or satisfaction is made of a debt secured
by mortgage, deed of trust, vendor’s or mechanic’s lien, it shall be the
duty of such lien creditor, unless he shall have heretofore delivered
& proper release deed, to cause such payment or satisfaction within
ninety days after it is made to be entered on the margin of the page
in the book where such encumbrance is recorded, and for any failure
to do so he shall forfeit twenty dollars. Such entry of payment or
satisfaction shall be signed by the creditor, his duly authorized
agent or attorney, and when so signed and the signature thereto
attested by the clerk in whose office such encumbrance is recorded,
the same shall operate as a release of the encumbrance as to which
such payment or satisfaction is entered. Any person who owns or
has an interest in real estate on which such encumbrance exists may,
after ten days’ notice thereof to the person entitled to such encum-
brance, apply to the county or corporation court of the county or
corporation in whose clerk’s office such encumbrance is recorded, or
to the chancery court of the city of Richmond, if it be recorded
in the clerk’s office of said court, to have the same released or dis-
charged, and upon proof that it has paid or discharged, such court
shall order the same to be entered by its clerk on the margin of the
page in the book wherein the encumbrance is recorded, which entry
when so made shall operate as a release of such encumbrance.
2. This act shall be in force from its passage.