CODE OF VIRGINIA

NOTICE TO COMMISSIONER PREREQUISITE TO CANCELLATION OF BOND; CANCELLATION NOT TO
AFFECT RIGHTS ARISING PRIOR THERETO (§ 46.2-446)

No bond shall be cancelled unless twenty days’ prior written notice of
cancellation is given the Commissioner, but cancellation of the bond shall not
prevent recovery thereon with respect to any right or cause of action arising
prior to the date of cancellation.

HISTORY: Code 1950, § 46-467; 1958, c. 541, § 46.1-478; 1989, c. 727.