CHAPTER 249

An Act to amend and reenact § 8-694 of the Code of Virginia, relating to
disposition of share in proceeds from certain sales, so as to coordinate
same with § 8-685 of the Code.

[H 445]

Approved March 8, 1952

Be it enacted by the General Assembly of Virginia:

1. That § 8694 of the Code of Virginia be amended and reenacted as
follows:

§ 8-694. Disposition of share in proceeds of infant or insane person.
—The court making an order for sale shall, when the dividend of a party
exceeds * two thousand dollars, if such party be an infant or insane, order
the same to be invested as the proceeds of a sale under article 2 of this
chapter are required to be invested. If such dividend does not exceed *
two thousand dollars the same shall be paid to the guardian of such infant,
or committee of such insane person, the court being first satisfied that
such guardian or committee has given bond in sufficient penalty and with
sureties sufficient for the security of the same; but if the interest of any
person be held in trust the dividend of such person, whether greater or
less than * two thousand dollars, shall be paid to the trustee, upon his
giving bond as trustee, with sufficient surety, to be held by him upon the
same trusts as the interest of such person in the land was held.