                                 CODE OF VIRGINIA

REPORTS OF SUCH SETTLEMENTS; WHEN NEW BOND REQUIRED (§ 8.01-618)

The court shall examine the reports required by § 8.01-617, when the same are
made to it; and, if satisfied of the correctness thereof, shall order them to be
recorded. If it appears from the report of the commissioner that any bond of a
receiver, or any bond or other security given by any person to whom money has
been loaned under its order, is insufficient, the court shall order additional
security to be given, or a new bond to be executed before it, in such penalty as
may seem right, and with sufficient sureties. But the execution of such new bond
shall not discharge the sureties in any prior bond for their liability for acts
of the principal obligor done previous to the execution of such new bond.

HISTORY: Code 1950, § 8-260; 1977, c. 617.