60.2-109 - Bond of Commissioner. - Virginia Statutes

§ 60.2-109. Bond of Commissioner.

The Commissioner shall, before entering upon the discharge of his duties,give bond payable to the Commonwealth, in a form approved by the AttorneyGeneral, in such penalty as shall be fixed by the Governor, with some suretyor guaranty company duly authorized to do business in this Commonwealth. Thebond shall be approved by the Governor as security and conditioned upon thefaithful discharge of his duties. The premium of such bond shall be paid bythe Commission, and the bond shall be filed with and preserved by theComptroller.

(Code 1950, § 60-27; 1968, c. 738, § 60.1-32; 1986, c. 480.)