{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/49-15.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/49-15.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/49-15.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/49-15.html"}],"law_id":57311,"edition_id":1,"section_id":57311,"structure_id":14414,"section_number":"49-15","catch_line":"Surety companies may be accepted as sureties on bonds; rights and liabilities","history":"Code 1919, \u00a7 282.","full_text":"Any company with a paid-up cash capital of not less than $250,000, incorporated and organized under the laws of any state of the United States or foreign country, for the purpose of transacting business as surety on obligations of persons or corporations, and which has complied with all the requirements of law regulating the admission of such companies to transact business in this Commonwealth, shall, upon production of evidence of solvency and credit satisfactory to the court or judge or other officer authorized to approve such bond, be accepted as surety upon the bond of any person or corporation required by the laws of this Commonwealth, or by any court, judge or other public officer or board or organization, to execute a bond with surety or sureties. If such surety company shall furnish satisfactory evidence of its ability to provide all the security required as aforesaid, no additional surety shall be exacted. Such surety shall be released from its liability on the same terms and conditions as are by law prescribed for the release of individuals, and shall have all the rights, remedies and reliefs of an individual guarantor, indemnitor or surety, and be subject to all the liabilities thereof.","order_by":null,"text":{"0":{"id":209895,"text":"Any company with a paid-up cash capital of not less than $250,000, incorporated and organized under the laws of any state of the United States or foreign country, for the purpose of transacting business as surety on obligations of persons or corporations, and which has complied with all the requirements of law regulating the admission of such companies to transact business in this Commonwealth, shall, upon production of evidence of solvency and credit satisfactory to the court or judge or other officer authorized to approve such bond, be accepted as surety upon the bond of any person or corporation required by the laws of this Commonwealth, or by any court, judge or other public officer or board or organization, to execute a bond with surety or sureties. If such surety company shall furnish satisfactory evidence of its ability to provide all the security required as aforesaid, no additional surety shall be exacted. Such surety shall be released from its liability on the same terms and conditions as are by law prescribed for the release of individuals, and shall have all the rights, remedies and reliefs of an individual guarantor, indemnitor or surety, and be subject to all the liabilities thereof.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14414,"edition_id":1,"name":"Bonds Taken by Courts and Officers","identifier":"2","label":"chapter","depth":2,"order_by":1,"parent_id":13404,"metadata":{},"date_created":"2026-06-26 03:48:03","date_modified":"2026-06-26 03:48:03","permalink":{"id":233219,"object_type":"structure","relational_id":14414,"identifier":"2","token":"49\/2","url":"\/49\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13404,"edition_id":1,"name":"Oaths, Affirmations and Bonds","identifier":"49","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:50","date_modified":"2026-06-26 03:44:50","permalink":{"id":233171,"object_type":"structure","relational_id":13404,"identifier":"49","token":"49","url":"\/49\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":79654,"structure_id":14414,"section_number":"49-12","catch_line":"Provisions and conditions; acknowledgment and recordation; duty of clerk when taken in pending cause","url":"\/49-12\/","token":"49\/2\/49-12","metadata":false},{"id":64241,"structure_id":14414,"section_number":"49-13","catch_line":"How new or additional bonds required and given; failure to give","url":"\/49-13\/","token":"49\/2\/49-13","metadata":false},{"id":65838,"structure_id":14414,"section_number":"49-14","catch_line":"Effect of giving new or additional bond","url":"\/49-14\/","token":"49\/2\/49-14","metadata":false},{"id":57311,"structure_id":14414,"section_number":"49-15","catch_line":"Surety companies may be accepted as sureties on bonds; rights and liabilities","url":"\/49-15\/","token":"49\/2\/49-15","metadata":false},{"id":76545,"structure_id":14414,"section_number":"49-16","catch_line":"Allowance of expense of procuring corporate surety","url":"\/49-16\/","token":"49\/2\/49-16","metadata":false},{"id":78727,"structure_id":14414,"section_number":"49-17","catch_line":"Surety company estopped to deny power to execute instrument or assume liability","url":"\/49-17\/","token":"49\/2\/49-17","metadata":false},{"id":71350,"structure_id":14414,"section_number":"49-18","catch_line":"Agent or attorney of surety company signing without seal","url":"\/49-18\/","token":"49\/2\/49-18","metadata":false},{"id":60142,"structure_id":14414,"section_number":"49-18.1","catch_line":"Seal not required","url":"\/49-18.1\/","token":"49\/2\/49-18.1","metadata":false},{"id":81781,"structure_id":14414,"section_number":"49-19","catch_line":"Remedy on bonds","url":"\/49-19\/","token":"49\/2\/49-19","metadata":false},{"id":55758,"structure_id":14414,"section_number":"49-20","catch_line":"How bonds given in civil suits made payable","url":"\/49-20\/","token":"49\/2\/49-20","metadata":false},{"id":58248,"structure_id":14414,"section_number":"49-21","catch_line":"Failure to give bond","url":"\/49-21\/","token":"49\/2\/49-21","metadata":false}],"previous_section":{"id":65838,"structure_id":14414,"section_number":"49-14","catch_line":"Effect of giving new or additional bond","url":"\/49-14\/","token":"49\/2\/49-14","metadata":false},"next_section":{"id":76545,"structure_id":14414,"section_number":"49-16","catch_line":"Allowance of expense of procuring corporate surety","url":"\/49-16\/","token":"49\/2\/49-16","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/49-15\/","history_text":false,"references":[{"id":86278,"section_number":"58.1-3125","catch_line":"Examination of treasurer's bond; when court to require new bond","order_by":null,"url":"\/58.1-3125\/"}],"refers_to":false,"permalink":{"id":233233,"object_type":"law","relational_id":57311,"identifier":"49-15","token":"49\/2\/49-15","url":"\/49-15\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/49-15\/","token":"49\/2\/49-15","dublin_core":{"Title":"Surety companies may be accepted as sureties on bonds; rights and liabilities","Type":"Text","Format":"text\/html","Identifier":"\u00a7 49-15","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Any company with a paid-up cash capital of not less than $250,000, incorporated and organized under the laws<\/span> of any state of the United States or foreign country, for the purpose of transacting business as surety<\/span> on obligations of persons or corporations, and which has complied with all the requirements of law<\/span> regulating the admission of such companies to transact business in this Commonwealth, shall, upon production of evidence<\/span> of solvency and credit satisfactory to the court<\/span> or judge<\/span> or other officer authorized to approve such bond<\/span>, be accepted as surety<\/span> upon the bond<\/span> of any person or corporation required by the laws<\/span> of this Commonwealth, or by any court<\/span>, judge<\/span> or other public officer or board or organization, to execute a bond<\/span> with surety<\/span> or sureties. If such surety<\/span> company shall furnish satisfactory evidence<\/span> of its ability to provide all the security required as aforesaid, no additional surety<\/span> shall be exacted. Such surety<\/span> shall be released from its liability on the same terms and conditions as are by law<\/span> prescribed for the release of individuals, and shall have all the rights, remedies and reliefs of an individual guarantor, indemnitor or surety<\/span>, and be subject to all the liabilities thereof.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSURETY COMPANIES MAY BE ACCEPTED AS SURETIES ON BONDS; RIGHTS AND LIABILITIES\n(\u00a7 49-15)\n\nAny company with a paid-up cash capital of not less than $250,000, incorporated\nand organized under the laws of any state of the United States or foreign\ncountry, for the purpose of transacting business as surety on obligations of\npersons or corporations, and which has complied with all the requirements of law\nregulating the admission of such companies to transact business in this\nCommonwealth, shall, upon production of evidence of solvency and credit\nsatisfactory to the court or judge or other officer authorized to approve such\nbond, be accepted as surety upon the bond of any person or corporation required\nby the laws of this Commonwealth, or by any court, judge or other public officer\nor board or organization, to execute a bond with surety or sureties. If such\nsurety company shall furnish satisfactory evidence of its ability to provide all\nthe security required as aforesaid, no additional surety shall be exacted. Such\nsurety shall be released from its liability on the same terms and conditions as\nare by law prescribed for the release of individuals, and shall have all the\nrights, remedies and reliefs of an individual guarantor, indemnitor or surety,\nand be subject to all the liabilities thereof.\n\nHISTORY: Code 1919, \u00a7 282.","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}}