49-14 - Effect of giving new or additional bond. - Virginia Statutes

§ 49-14. Effect of giving new or additional bond.

When it is provided by any section of this Code, or shall be provided by anysubsequent statute, that any new bond, or bond in addition to one alreadygiven, may be required to be given by any officer, fiduciary or any otherperson, if such new bond, when required, be given and accepted, the suretiesin the former bond and their estates shall, except in cases where it isotherwise expressly provided, be discharged from all liability for any breachof duty committed by their principal after such new bond is so given andaccepted. If such additional bond, when required, be given and accepted, theformer bond shall continue in force and have the same effect in all respectsas if such additional bond had not been required, given and accepted, exceptthat in such case the sureties in the additional bond shall be jointly liablewith the sureties in the former bond for any breach of duty committed bytheir principal after such additional bond was so given and accepted.

(Code 1919, § 281.)