CODE OF VIRGINIA

DISTRIBUTION OF PROPERTY; REFUNDING BOND (§ 64.2-2306)

Before any distribution of the proceeds of the estate of a person determined to
be dead pursuant to this chapter or the payment or transfer of any of his other
property is made, and before the sale of any real or personal property passing
in kind by persons claiming such property as heirs at law, devisees, next of
kin, legatees, beneficiaries, survivors, or other successors in interest, the
persons entitled to receive such proceeds or property in kind shall give a
refunding bond without surety upon condition that if the person determined to be
dead is in fact alive at that time, they will respectively refund to such person
the proceeds or property, or proceeds of such property, received by each on
demand, without interest thereon.

HISTORY: Code 1950, § 64-108; 1962, c. 115; 1968, c. 656, § 64.1-112; 1996,
cc. 675, 684; 2006, c. 351; 2012, c. 614.