49-18 - Agent or attorney of surety company signing without seal. - Virginia Statutes

§ 49-18. Agent or attorney of surety company signing without seal.

If any company organized and incorporated under the laws of thisCommonwealth, or of any other state in the United States, or of any foreigncountry, for the purpose of transacting business as surety on obligations forpersons, after having complied with the requirements of law regulating theadmission of such companies in this Commonwealth, shall give any power ofattorney, general or special, under its regular corporate seal, to any agentor 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 anyjudge, court or other public officer, organization or board, and such powerof attorney shall state that such signing by such agent or attorney in factwithout the seal of such corporation shall have the same force and effect asif the corporate seal of such corporation was affixed to such obligations,then any and all such obligations, so signed by such agent or attorney infact without the seal of such corporation, whether the agent or attorney infact has used a scroll by way of seal or not, or whether the word "seal" isused in the body of the instrument or not, shall, for all purposes, have thesame force and effect, and be as binding in all respects upon suchcorporation, as if the seal of such corporation had been duly and regularlyaffixed thereto.

(Code 1919, § 285.)