8.01-537.1 - Plaintiff to file bond. - Virginia Statutes

§ 8.01-537.1. Plaintiff to file bond.

A. The plaintiff or someone for him shall, at the time of suing out anattachment or other pretrial levy or seizure, give bond. The fact that bondhas been given shall be endorsed on the process, or certified by the clerk tothe serving officer. If certified by the clerk, the serving officer shallreturn the certificate with the process. The bond shall be a bond withapproved surety, a cash bond or a property bond.

B. If the plaintiff seeks only pretrial levy on property and a bond withapproved surety or cash bond is posted, the amount of the bond shall be atleast the estimated fair market value of the property to be levied. If aproperty bond is posted, the amount of the bond shall be at least double theestimated fair market value of the property to be levied.

C. If the plaintiff seeks pretrial seizure of property, the amount of thebond shall be at least double the estimated fair market value of the propertyto be seized.

D. The bond shall contain a condition to pay all costs and damages which maybe awarded against the plaintiff, or sustained by any person, by reason of awrongful levy or seizure.

(1984, c. 646; 1993, c. 841.)