Virginia § 43-40 - Subsequent payment of surplus proceeds to persons entitled thereto
Full text of Virginia Code of Virginia § 43-40 — Subsequent payment of surplus proceeds to persons entitled thereto, with citation guidance and answers to common questions.
§ 43-40. Subsequent payment of surplus proceeds to persons entitled thereto
At any time within ten years after the payment into the state treasury of the surplus proceeds of any such sale as provided in the preceding section (§ 43-39), the former owner or owners of the property so sold, upon evidence of such ownership satisfactory to the Comptroller, shall be paid the principal amount of such surplus proceeds so paid into the state treasury out of any moneys held in reserve on the books of the Department of Accounts for the benefit of the Literary Fund upon warrant of the Comptroller. If any such claim be disallowed in whole or in part by the Comptroller, it may be recovered in the manner and subject to the conditions and limitations provided in §§ 8.01-192 through 8.01-195 and 8.01-255 for recovering claims against the Commonwealth.
1940, p. 270; Michie Code 1942, § 6451e.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 43-40
What does Code of Virginia § 43-40 cover?
Section 43-40 ("Subsequent payment of surplus proceeds to persons entitled thereto") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 43-40?
A common citation format is "Code of Virginia § 43-40" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 43-40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.