                                 CODE OF VIRGINIA

AGENT OR ATTORNEY OF SURETY COMPANY SIGNING WITHOUT SEAL (§ 49-18)

If any company organized and incorporated under the laws of this Commonwealth,
or of any other state in the United States, or of any foreign country, for the
purpose of transacting business as surety on obligations for persons, after
having complied with the requirements of law regulating the admission of such
companies in this Commonwealth, shall give any power of attorney, general or
special, under its regular corporate seal, to any agent or attorney in fact to
sign its corporate name as surety to any obligation, official or otherwise,
required by the laws of this Commonwealth, or by any judge, court or other
public officer, organization or board, and such power of attorney shall state
that such signing by such agent or attorney in fact without the seal of such
corporation shall have the same force and effect as if the corporate seal of
such corporation was affixed to such obligations, then any and all such
obligations, so signed by such agent or attorney in fact without the seal of
such corporation, whether the agent or attorney in fact has used a scroll by way
of seal or not, or whether the word &#8220;seal&#8221; is used in the body of
the instrument or not, shall, for all purposes, have the same force and effect,
and be as binding in all respects upon such corporation, as if the seal of such
corporation had been duly and regularly affixed thereto.

HISTORY: Code 1919, § 285.