                                 CODE OF VIRGINIA

AGREEMENT FOR JOINT CONTROL OF MONEY AND ASSETS (§ 38.2-2409)

Any person required to execute a bond, undertaking or other obligation may agree
with his surety to deposit any or all assets for which he and his surety may be
held responsible. The deposit shall be with a bank, savings bank, safe deposit
company, or trust company authorized by law to do business as such, or with any
other depository approved by the court or a judge of the court, if the deposit
is otherwise proper. Assets shall be deposited for safekeeping and held in a
manner that prevents the withdrawal of the whole or any part of the deposit
without the written consent of the surety, or without an order of a court or a
judge, made on any notice to the surety which the court or judge directs. The
agreement shall not in any manner release or change the liability of the
principal or sureties as established by the terms of the bond.

HISTORY: Code 1950, § 38-345; 1952, c. 317, § 38.1-645; 1986, c. 562.