                                 CODE OF VIRGINIA

EXECUTION AND TERMS OF BOND; ACTION THEREON (§ 3.2-4718)

The bond shall be executed by the applicant as principal and by a surety company
qualified and authorized to do business in the Commonwealth as surety or by such
personal surety as may be approved by the circuit court of the locality where
the applicant resides or has his principal office. The bond shall be conditioned
upon compliance with the provisions of this article and upon the faithful and
honest handling of farm products in accordance with the terms of this article.
The bond shall be to the Commonwealth in favor of every consignor of farm
products. Any consignor of farm products claiming to be injured by the fraud,
deceit or negligence of any commission merchant may bring action upon the bond
against either the principal, or the surety, or both in an appropriate court to
recover the damages caused by such fraud, deceit or negligence, or the failure
to comply with the provisions of this article, or to make prompt and accurate
settlement with the consignor.

HISTORY: Code 1950, § 3-542; 1966, c. 702, § 3.1-700; 2008, c. 860.