SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2018 SESSION
SB 774 Partition; election to purchase.
Introduced by: A. Benton "Ben" Chafin | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED SENATE:
Partition; election to purchase. Provides that a defendant in a suit for partition may elect to purchase the property at fair market value. If the election to purchase fails to close and title fails to pass to the petitioner for any reason, then the court may order that the petitioner pay reasonable attorney fees and costs to the opposing party. The bill further provides that only if the election fails or no party elects to purchase the property may the court proceed with allotting the property to one or more parties.
SUMMARY AS INTRODUCED:
Partition; private auction of property. Provides that as an alternative to allocating property for which partition is not practical to one or more of the parties, the court may order a private auction between two or more parties if such parties are financially able to and interested in purchasing such property.