                                 CODE OF VIRGINIA

BONDS MUTILATED, LOST, OR DESTROYED (§ 23.1-1108)

If any bond issued by an institution is mutilated, lost, or destroyed, the board
may execute and deliver a new bond of like date, number, and tenor in exchange
and substitution for, and upon cancellation of a mutilated bond and its interest
coupons or in lieu of and in substitution for a lost or destroyed bond and its
unmatured interest coupons. Such new bond or coupon shall not be executed or
delivered until the holder of the mutilated, lost, or destroyed bond (i) has
paid the reasonable expense and charges in connection with the execution and
delivery; (ii) in the case of a lost or destroyed bond, has filed with the board
and the State Treasurer satisfactory evidence that such bond was lost or
destroyed and that the bondholder was the owner of the bond; and (iii) has
furnished indemnity satisfactory to the State Treasurer.

HISTORY: 1962, c. 205, § 23-20.1; 2016, c. 588.