Virginia § 58.1-620 - Repossessions
Full text of Virginia Code of Virginia § 58.1-620 — Repossessions, with citation guidance and answers to common questions.
§ 58.1-620. Repossessions
A dealer who has paid the tax on tangible personal property sold under a retained title, conditional sale, or similar contract, may take credit for the tax paid by him upon the unpaid balance due him when he repossesses the property, such credit to be reflected in the same manner as the credit for returned purchases under § 58.1-619. When such repossessed property is resold, such sale is subject in all respects to this chapter.
Code 1950, § 58-441.23; 1966, c. 151; 1984, c. 675.
Frequently Asked Questions About Virginia § 58.1-620
What does Code of Virginia § 58.1-620 cover?
Section 58.1-620 ("Repossessions") 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 § 58.1-620?
A common citation format is "Code of Virginia § 58.1-620" (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 § 58.1-620 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.