The Commissioner shall, before entering upon the discharge of his duties, give bond payable to the Commonwealth, in a form approved by the Attorney General, in such penalty as shall be fixed by the Governor, with some surety or guaranty company duly authorized to do business in this Commonwealth. The bond shall be approved by the Governor as security and conditioned upon the faithful discharge of his duties. The premium of such bond shall be paid by the Commission, and the bond shall be filed with and preserved by the Comptroller.

History

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