                                 CODE OF VIRGINIA

EFFECT OF GIVING NEW OR ADDITIONAL BOND (§ 49-14)

When it is provided by any section of this Code, or shall be provided by any
subsequent statute, that any new bond, or bond in addition to one already given,
may be required to be given by any officer, fiduciary or any other person, if
such new bond, when required, be given and accepted, the sureties in the former
bond and their estates shall, except in cases where it is otherwise expressly
provided, be discharged from all liability for any breach of duty committed by
their principal after such new bond is so given and accepted. If such additional
bond, when required, be given and accepted, the former bond shall continue in
force and have the same effect in all respects as if such additional bond had
not been required, given and accepted, except that in such case the sureties in
the additional bond shall be jointly liable with the sureties in the former bond
for any breach of duty committed by their principal after such additional bond
was so given and accepted.

HISTORY: Code 1919, § 281.