{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-4008.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-4008.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-4008.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-4008.html"}],"law_id":85526,"edition_id":1,"section_id":85526,"structure_id":15749,"section_number":"38.2-4008","catch_line":"Fidelity bond required","history":"Code 1950, \u00a7 38-148; 1952, c. 317, \u00a7 38.1-558; 1986, c. 562; 2001, c. 706; 2002, c. 147.","full_text":"As a condition of licensing, each burial society, on behalf of its officers who are charged with the duty of handling its funds, shall obtain, and thereafter for as long as the license remains in effect keep in force, a surety bond with corporate security approved by the Commission. The bond shall be in an amount, not less than $10,000 nor more than $100,000, to be fixed by the Commission. The bond shall secure to the society and its members the faithful performance of its officers’ duties and a proper accounting of its funds. The Commission may require the society to provide certification of compliance with the requirements of this section.","order_by":null,"text":{"0":{"id":306386,"text":"As a condition of licensing, each burial society, on behalf of its officers who are charged with the duty of handling its funds, shall obtain, and thereafter for as long as the license remains in effect keep in force, a surety bond with corporate security approved by the Commission. The bond shall be in an amount, not less than $10,000 nor more than $100,000, to be fixed by the Commission. The bond shall secure to the society and its members the faithful performance of its officers’ duties and a proper accounting of its funds. The Commission may require the society to provide certification of compliance with the requirements of this section.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15749,"edition_id":1,"name":"Burial Societies","identifier":"40","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:58:53","date_modified":"2026-06-26 03:58:53","permalink":{"id":216397,"object_type":"structure","relational_id":15749,"identifier":"40","token":"38.2\/40","url":"\/38.2\/40\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":65613,"structure_id":15749,"section_number":"38.2-4000","catch_line":"Societies to which chapter applies","url":"\/38.2-4000\/","token":"38.2\/40\/38.2-4000","metadata":false},{"id":65619,"structure_id":15749,"section_number":"38.2-4001","catch_line":"Society may be incorporated","url":"\/38.2-4001\/","token":"38.2\/40\/38.2-4001","metadata":false},{"id":87377,"structure_id":15749,"section_number":"38.2-4002","catch_line":"Continuation of existing societies","url":"\/38.2-4002\/","token":"38.2\/40\/38.2-4002","metadata":false},{"id":60519,"structure_id":15749,"section_number":"38.2-4003","catch_line":"Licensing of additional societies prohibited","url":"\/38.2-4003\/","token":"38.2\/40\/38.2-4003","metadata":false},{"id":70192,"structure_id":15749,"section_number":"38.2-4004","catch_line":"What laws applicable","url":"\/38.2-4004\/","token":"38.2\/40\/38.2-4004","metadata":false},{"id":68582,"structure_id":15749,"section_number":"38.2-4005","catch_line":"License may be renewed annually","url":"\/38.2-4005\/","token":"38.2\/40\/38.2-4005","metadata":false},{"id":87130,"structure_id":15749,"section_number":"38.2-4006","catch_line":"Annual meeting","url":"\/38.2-4006\/","token":"38.2\/40\/38.2-4006","metadata":false},{"id":84295,"structure_id":15749,"section_number":"38.2-4007","catch_line":"Adoption of bylaws","url":"\/38.2-4007\/","token":"38.2\/40\/38.2-4007","metadata":false},{"id":85526,"structure_id":15749,"section_number":"38.2-4008","catch_line":"Fidelity bond required","url":"\/38.2-4008\/","token":"38.2\/40\/38.2-4008","metadata":false},{"id":83967,"structure_id":15749,"section_number":"38.2-4009","catch_line":"Inspection of books and papers","url":"\/38.2-4009\/","token":"38.2\/40\/38.2-4009","metadata":false},{"id":68003,"structure_id":15749,"section_number":"38.2-4010","catch_line":"Accumulation of reserve for an emergency fund","url":"\/38.2-4010\/","token":"38.2\/40\/38.2-4010","metadata":false},{"id":66599,"structure_id":15749,"section_number":"38.2-4011","catch_line":"Maintenance of reserve for an emergency fund","url":"\/38.2-4011\/","token":"38.2\/40\/38.2-4011","metadata":false},{"id":84318,"structure_id":15749,"section_number":"38.2-4012","catch_line":"Disposition of reserve for an emergency fund; discontinuance of business; receiver","url":"\/38.2-4012\/","token":"38.2\/40\/38.2-4012","metadata":false},{"id":67686,"structure_id":15749,"section_number":"38.2-4013","catch_line":"Certificates of membership","url":"\/38.2-4013\/","token":"38.2\/40\/38.2-4013","metadata":false},{"id":68126,"structure_id":15749,"section_number":"38.2-4014","catch_line":"Required grace period","url":"\/38.2-4014\/","token":"38.2\/40\/38.2-4014","metadata":false},{"id":71208,"structure_id":15749,"section_number":"38.2-4015","catch_line":"Certificate to specify amount of payment and when to be paid","url":"\/38.2-4015\/","token":"38.2\/40\/38.2-4015","metadata":false},{"id":68736,"structure_id":15749,"section_number":"38.2-4016","catch_line":"Payments become liens on society's property","url":"\/38.2-4016\/","token":"38.2\/40\/38.2-4016","metadata":false},{"id":73409,"structure_id":15749,"section_number":"38.2-4017","catch_line":"Notice of assessment","url":"\/38.2-4017\/","token":"38.2\/40\/38.2-4017","metadata":false},{"id":65416,"structure_id":15749,"section_number":"38.2-4018","catch_line":"Liability on officers and directors for failing to levy assessments","url":"\/38.2-4018\/","token":"38.2\/40\/38.2-4018","metadata":false},{"id":70270,"structure_id":15749,"section_number":"38.2-4019","catch_line":"Beneficiaries","url":"\/38.2-4019\/","token":"38.2\/40\/38.2-4019","metadata":false},{"id":78842,"structure_id":15749,"section_number":"38.2-4020","catch_line":"When certificate invalid","url":"\/38.2-4020\/","token":"38.2\/40\/38.2-4020","metadata":false},{"id":68230,"structure_id":15749,"section_number":"38.2-4021","catch_line":"Interest in benefits; assignability; liability to attachment, etc","url":"\/38.2-4021\/","token":"38.2\/40\/38.2-4021","metadata":false},{"id":63812,"structure_id":15749,"section_number":"38.2-4022","catch_line":"Certain contracts with undertakers, etc., forbidden","url":"\/38.2-4022\/","token":"38.2\/40\/38.2-4022","metadata":false}],"previous_section":{"id":84295,"structure_id":15749,"section_number":"38.2-4007","catch_line":"Adoption of bylaws","url":"\/38.2-4007\/","token":"38.2\/40\/38.2-4007","metadata":false},"next_section":{"id":83967,"structure_id":15749,"section_number":"38.2-4009","catch_line":"Inspection of books and papers","url":"\/38.2-4009\/","token":"38.2\/40\/38.2-4009","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-4008\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 4 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1952, chapter 317; in 1986, chapter 562; in 2001, chapter 706<\/a>; in 2002, chapter 147<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":216431,"object_type":"law","relational_id":85526,"identifier":"38.2-4008","token":"38.2\/40\/38.2-4008","url":"\/38.2-4008\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-4008\/","token":"38.2\/40\/38.2-4008","dublin_core":{"Title":"Fidelity bond required","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-4008","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

As a condition of licensing, each burial society, on behalf of its officers who are charged with the duty of handling its funds, shall obtain, and thereafter for as long as the license remains in effect keep in force, a surety<\/span> bond<\/span> with corporate security approved by the Commission<\/span>. The bond<\/span> shall be in an amount, not less than $10,000 nor more than $100,000, to be fixed by the Commission<\/span>. The bond<\/span> shall secure to the society and its members the faithful performance of its officers’ duties and a proper accounting of its funds. The Commission<\/span> may require the society to provide certification of compliance with the requirements of this section.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFIDELITY BOND REQUIRED (\u00a7 38.2-4008)\n\nAs a condition of licensing, each burial society, on behalf of its officers who\nare charged with the duty of handling its funds, shall obtain, and thereafter\nfor as long as the license remains in effect keep in force, a surety bond with\ncorporate security approved by the Commission. The bond shall be in an amount,\nnot less than $10,000 nor more than $100,000, to be fixed by the Commission. The\nbond shall secure to the society and its members the faithful performance of its\nofficers’ duties and a proper accounting of its funds. The Commission may\nrequire the society to provide certification of compliance with the requirements\nof this section.\n\nHISTORY: Code 1950, \u00a7 38-148; 1952, c. 317, \u00a7 38.1-558; 1986, c. 562; 2001, c.\n706; 2002, c. 147.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}