Chap. 19.—An ACT to amend and re-enact Section 5342 of the Code of Virginia,
as amended, relating to securing and application of proceeds from disposition
of lands of persons under disabilities ; and to declare the existence of an

- ‘emergency. SB 7]
Approved October 5, 1942

1. Be it enacted by the General Assembly of Virginia, That section
fifty-three hundred and forty-two of the Code of Virginia, as amended,
be amended and re-enacted, as follows:

Section 5342. How proceeds from disposition of lands of persons
under disabilities to be secured and applied ; and when same may be paid
over.—The proceeds of sale, or rents, income, or royalties, arising from
sale or lease, or other disposition, of lands of persons under disabilities
whether in a suit for sale or lease thereof, or in a suit for partition, or in
condemnation proceedings, 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 subject to the uses, limitations, and conditions, con-
tained in the writing creating the trust. The court shall take ample security
for all investments so made, and from time to time require additional se-
curity, if necessary, and make any proper order for the faithful application
and safe investment of the fund, and for the management and preserva-
tion of any properties or securities in which the same has been invested,
and for the protection of the rights of all persons interested therein,
whether such rights be vested or contingent; but nothing hereinbefore
contained shall prevent the court having charge thereof from directing
said funds when the sum to be distributed on behalf of any one person
does not exceed two thousand dollars, to be paid over to the legally ap-
pointed and qualified guardian or committee of the infant or insane
person, whenever the court is satisfied that the guardian or committee
has executed sufficient bond, or from applying at any time all or any por-
tion thereof to the proper needs and requirements of the ward, or of the
insane person and after the ward shall have arrived at the age of twenty-
one years or the insane person shall have been restored to sanity, the court
may order that the entire amount of the fund, or any part thereof, be
paid over to him, regardless of such needs and requirements.

2. An emergency exists and this act is in force from its passage.