                                 CODE OF VIRGINIA

BOND OF ESCHEATOR (§ 55.1-2402)

Each escheator shall give bond for the judicial circuit for which he is
appointed in the circuit court for the locality in which he resides, in the
penalty of $3,000, without surety, and may continue in office until removed or
until a successor is duly appointed and qualified. If property in another
locality within the appointed judicial circuit escheats to the Commonwealth at
the inquest hearing, the escheator shall give bond within that locality as
determined by the clerk of the circuit court in the locality and in a penalty of
a percentage of the assessed value of the property according to the records of
the commissioner of the revenue. The bond shall be obtained within 10 days
following the inquest hearing.

HISTORY: Code 1919, § 490; Code 1950, § 55-169; 1977, c. 583; 1982, c. 437;
1998, c. 215; 2019, c. 712.