                                 CODE OF VIRGINIA

DUTIES AND POWERS OF COMMISSIONER WITH RESPECT TO BONDS (§ 3.2-4768)

The Commissioner may accept the proceeds from any bond on which he is trustee
and deposit the proceeds in the state treasury with interest in favor of the
bond claimants. The Commissioner may institute and prosecute suits for actions
in the name of the Commonwealth on behalf of the claimants known and approved by
him in any appropriate court for any purpose in connection with the collection
or distribution of the bond or its proceeds. It shall be the duty of any person
having a claim against a cotton handler to notify the Commissioner of his claim.
The Commissioner shall have no duty to prosecute any claim unless he has
received notice and believes the claim is valid. If the Commissioner believes
the claim is invalid, he shall notify the claimant. The Commissioner may appeal
a decision of any court that is contrary to any distribution recommended or
authorized by him.

HISTORY: 2000, c. 584, § 3.1-722.36; 2008, c. 860.