{"law_id":"794786","section_number":"38.2-2420","catch_line":"Bonds executed under power of attorney binding on insurer","history":"Code 1950, \u00a7 38-338; 1952, c. 317, \u00a7 38.1-657; 1986, c. 562.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/38.2-2420\/","refers_to":false,"url":"\/38.2-2420\/","token":"38.2\/24\/2\/38.2-2420","structure":{"1":{"id":"2994","name":"Power Of Attorney To Execute Bonds","identifier":"2","label":"article","url":"\/38.2\/24\/2\/"},"2":{"id":"1882","name":"Fidelity And Surety Insurance","identifier":"24","label":"chapter","url":"\/38.2\/24\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"794786","structure_id":"2994","full_text":"Any bond or obligation executed in the name and on behalf of the insurer as surety under the authority of the power of attorney shall have the same force, effect and validity, and shall be as binding upon the insurer in the name and on behalf of which it is executed as if it were properly executed by the insurer itself through its officers under its common seal. For the purpose of this section, the seal of the insurer or the seal of the attorney-in-fact shall not be required to be affixed to the bond or obligation.","text":{"0":{"id":"2565272","text":"Any bond or obligation executed in the name and on behalf of the insurer as surety under the authority of the power of attorney shall have the same force, effect and validity, and shall be as binding upon the insurer in the name and on behalf of which it is executed as if it were properly executed by the insurer itself through its officers under its common seal. For the purpose of this section, the seal of the insurer or the seal of the attorney-in-fact shall not be required to be affixed to the bond or obligation.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"2994","name":"Power Of Attorney To Execute Bonds","identifier":"2","label":"article","url":"\/38.2\/24\/2\/"},"2":{"id":"1882","name":"Fidelity And Surety Insurance","identifier":"24","label":"chapter","url":"\/38.2\/24\/"},"3":{"id":"7","name":"Insurance","identifier":"38.2","label":"title","url":"\/38.2\/"}},"structure_contents":{"0":{"id":"790395","structure_id":"2994","section_number":"38.2-2416","catch_line":"Power of attorney to be recorded or attached; filing with the Department of Criminal Justice Services","url":"\/38.2-2416\/","token":"38.2\/24\/2\/38.2-2416"},"1":{"id":"787802","structure_id":"2994","section_number":"38.2-2417","catch_line":"Continuance of power; revocation","url":"\/38.2-2417\/","token":"38.2\/24\/2\/38.2-2417"},"2":{"id":"772335","structure_id":"2994","section_number":"38.2-2418","catch_line":"Recordation of instrument of revocation","url":"\/38.2-2418\/","token":"38.2\/24\/2\/38.2-2418"},"3":{"id":"776151","structure_id":"2994","section_number":"38.2-2419","catch_line":"Notation of revocation; indexing","url":"\/38.2-2419\/","token":"38.2\/24\/2\/38.2-2419"},"4":{"id":"794786","structure_id":"2994","section_number":"38.2-2420","catch_line":"Bonds executed under power of attorney binding on insurer","url":"\/38.2-2420\/","token":"38.2\/24\/2\/38.2-2420"}},"previous_section":{"id":"776151","structure_id":"2994","section_number":"38.2-2419","catch_line":"Notation of revocation; indexing","url":"\/38.2-2419\/","token":"38.2\/24\/2\/38.2-2419"},"references":false,"formats":{"txt":"\/38.2-2420.txt","json":"\/38.2-2420.json","xml":"\/38.2-2420.xml"},"dublin_core":{"Title":"Bonds executed under power of attorney binding on insurer","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-2420","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nBONDS EXECUTED UNDER POWER OF ATTORNEY BINDING ON INSURER (\u00a7 38.2-2420)\n\nAny bond or obligation executed in the name and on behalf of the insurer as\nsurety under the authority of the power of attorney shall have the same force,\neffect and validity, and shall be as binding upon the insurer in the name and on\nbehalf of which it is executed as if it were properly executed by the insurer\nitself through its officers under its common seal. For the purpose of this\nsection, the seal of the insurer or the seal of the attorney-in-fact shall not\nbe required to be affixed to the bond or obligation.\n\nHISTORY: Code 1950, \u00a7 38-338; 1952, c. 317, \u00a7 38.1-657; 1986, c. 562."}