17.1-274 - Commission on forthcoming bond. - Virginia Statutes

§ 17.1-274. Commission on forthcoming bond.

A. The commission to be included in a forthcoming bond, when one is taken,shall be five percent. Such commission shall not be received unless the bondis forfeited or paid, including the commission, to the plaintiffs. Ofwhatever interest accrues on such bond, or the execution of judgment thereon,the officer shall be entitled to his proportionable share, on account of hisfees included in such bond.

B. In cities of a population of 100,000 and more, however, the commission tobe included in a forthcoming bond, when one is taken, shall be ten percent onthe first $100 of the money for which the distress or levy is and two percenton the residue. Such commission shall not be received unless the bond isforfeited or paid, including the commission, to the plaintiffs. Of whateverinterest may accrue on such bonds, or the execution of judgment thereon, theofficer shall be entitled to his proportionate share, on account of his feesincluded in the sale. An officer in any such city receiving payment in moneyor selling goods shall receive the like commission of ten percent on thefirst $100 of the money paid or proceeding from the sale and two percent onthe residue; except that when such payment or sale is on an execution on aforthcoming bond, his commission shall only be half what it would be if theexecution were not on such bond.

(Code 1950, §§ 14-119, 14-121; 1964, c. 386, §§ 14.1-108, 14.1-110; 1995, c.51; 1998, c. 872.)