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 | 1928 |
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Law Number | 237 |
Subjects |
Law Body
Chap. 237.—An ACT to amend and re-enact section 5342 of the Code of Virginia,
as amended, relating to the sale of lands of persons under disabilities.
[H B 134]
Approved March 17, 1928
1. Be it enacted by the general assembly of Virginia, That sec-
tion fifty-three hundred and forty-two of the Code of Virginia, as
amended, be amended and re-enacted so as to read 4s follows:
Section 5342. How proceeds of sale or income to be secured and
applied; when same may be paid over.—The proceeds of sale, or
rents, income, or royalties, arising from such sale or lease shall be
invested under the direction of the court for the use and benefit of
the persons entitled to the estate; and in case of a trust estate sub-
ject to the uses, limitations, and conditions, contained in the writ-
ing creating the trust. The court shall take ample security for all
investments so made, and from time to time require additional
security, if necessary, and make any proper order for the faithful
application and safe investment of the fund, and for the manage-
ment and preservation of any properties or securities in which the
same may be invested, and for the protection of the rights of all
persons interested therein, whether such rights be vested or con-
tingent; but nothing hereinbefore contained shall prevent the court
having charge of any of such funds from directing said funds when
the sum to be distributed does not exceed fifteen hundred dollars,
to be paid over to the legally appointed and qualified guardian or
committee of said infant or insane person, whenever said court 1s
satisfied that such guardian or committee has executed sufficient
bond, or from applying at any time all or any portion thereof to the
proper needs and requirements of any such ward, or insane person ;
and after any such ward shall have arrived at the age of twenty-
one years or such insane person shall have been restored to sanity,
the court may order that the entire amount of such funds, or any
part thereof, be paid over to him, regardless of such needs and re-
quirements.