{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/3.2-4757.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/3.2-4757.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/3.2-4757.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/3.2-4757.html"}],"law_id":357862,"edition_id":2,"section_id":357862,"structure_id":51189,"section_number":"3.2-4757","catch_line":"Duties and powers of Commissioner with respect to bonds","history":"1982, c. 187, \u00a7 3.1-722.20:1; 1985, c. 354; 2008, c. 860.","full_text":"The Commissioner may accept the proceeds from any bond on which he is trustee or any letter of credit on which he is beneficiary, and deposit the proceeds in the state treasury at interest in favor of the claimants. The Commissioner may institute and prosecute suits or action in the name of the Commonwealth on behalf of claimants known and approved by him in any appropriate court for any purpose in connection with the collection or distribution of the proceeds. It shall be the duty of any person having a claim against a grain dealer to notify the Commissioner of his claim. The Commissioner shall have no duty to prosecute any claim unless he has received such notice and believes the claim is valid. If the Commissioner believes the claim to be invalid, he shall notify the claimant. The claimant shall then have his remedy pursuant to \u00a7 3.2-4756. The Commissioner may appeal a decision of any court that is contrary to any distribution recommended or authorized by him.\n\n","order_by":null,"text":{"0":{"id":1331696,"text":"The Commissioner may accept the proceeds from any bond on which he is trustee or any letter of credit on which he is beneficiary, and deposit the proceeds in the state treasury at interest in favor of the claimants. The Commissioner may institute and prosecute suits or action in the name of the Commonwealth on behalf of claimants known and approved by him in any appropriate court for any purpose in connection with the collection or distribution of the proceeds. It shall be the duty of any person having a claim against a grain dealer to notify the Commissioner of his claim. The Commissioner shall have no duty to prosecute any claim unless he has received such notice and believes the claim is valid. If the Commissioner believes the claim to be invalid, he shall notify the claimant. The claimant shall then have his remedy pursuant to \u00a7 3.2-4756. The Commissioner may appeal a decision of any court that is contrary to any distribution recommended or authorized by him.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":51189,"edition_id":2,"name":"Dealers in Grain Products","identifier":"4","label":"article","depth":4,"order_by":3,"parent_id":51185,"metadata":{"child_laws":11,"child_structures":0},"date_created":"2026-08-02 02:38:47","date_modified":"2026-08-02 12:27:39","permalink":{"id":1423871,"object_type":"structure","relational_id":51189,"identifier":"4","token":"3.2\/III\/47\/4","url":"\/3.2\/III\/47\/4\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51185,"edition_id":2,"name":"Sale of Farm Produce","identifier":"47","label":"chapter","depth":3,"order_by":15,"parent_id":51149,"metadata":{"child_laws":76,"child_structures":5},"date_created":"2026-08-02 02:38:41","date_modified":"2026-08-02 12:27:39","permalink":{"id":1423651,"object_type":"structure","relational_id":51185,"identifier":"47","token":"3.2\/III\/47","url":"\/3.2\/III\/47\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51149,"edition_id":2,"name":"Production and Sale of Agricultural Products","identifier":"III","label":"subtitle","depth":2,"order_by":4,"parent_id":51103,"metadata":{"child_laws":398,"child_structures":44},"date_created":"2026-08-02 02:38:09","date_modified":"2026-08-02 12:27:34","permalink":{"id":1422445,"object_type":"structure","relational_id":51149,"identifier":"III","token":"3.2\/III","url":"\/3.2\/III\/","edition_id":2,"permalink":0,"preferred":1}},{"id":51103,"edition_id":2,"name":"Agriculture, Animal Care, and Food","identifier":"3.2","label":"title","depth":1,"order_by":5,"parent_id":null,"metadata":{"child_laws":1194,"child_structures":151},"date_created":"2026-08-02 02:37:33","date_modified":"2026-08-02 12:27:27","permalink":{"id":1420941,"object_type":"structure","relational_id":51103,"identifier":"3.2","token":"3.2","url":"\/3.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":357858,"structure_id":51189,"section_number":"3.2-4753","catch_line":"Definitions","url":"\/3.2-4753\/","token":"3.2\/III\/47\/4\/3.2-4753","metadata":false},{"id":357859,"structure_id":51189,"section_number":"3.2-4754","catch_line":"License required; application for license or renewal","url":"\/3.2-4754\/","token":"3.2\/III\/47\/4\/3.2-4754","metadata":false},{"id":357860,"structure_id":51189,"section_number":"3.2-4755","catch_line":"License and renewal fee; bond or irrevocable letter of credit required; exemption","url":"\/3.2-4755\/","token":"3.2\/III\/47\/4\/3.2-4755","metadata":false},{"id":357861,"structure_id":51189,"section_number":"3.2-4756","catch_line":"Execution, terms and form of bond or irrevocable letter of credit; action on bond or irrevocable letter of credit; investigation of complaints","url":"\/3.2-4756\/","token":"3.2\/III\/47\/4\/3.2-4756","metadata":false},{"id":357862,"structure_id":51189,"section_number":"3.2-4757","catch_line":"Duties and powers of Commissioner with respect to bonds","url":"\/3.2-4757\/","token":"3.2\/III\/47\/4\/3.2-4757","metadata":false},{"id":357863,"structure_id":51189,"section_number":"3.2-4758","catch_line":"Grain Dealers Licensing and Bonding Fund established; disposition of fees and penalties","url":"\/3.2-4758\/","token":"3.2\/III\/47\/4\/3.2-4758","metadata":false},{"id":357864,"structure_id":51189,"section_number":"3.2-4759","catch_line":"Records to be kept by dealers","url":"\/3.2-4759\/","token":"3.2\/III\/47\/4\/3.2-4759","metadata":false},{"id":357865,"structure_id":51189,"section_number":"3.2-4760","catch_line":"Grounds for refusal or revocation of license","url":"\/3.2-4760\/","token":"3.2\/III\/47\/4\/3.2-4760","metadata":false},{"id":357866,"structure_id":51189,"section_number":"3.2-4761","catch_line":"Procedure for refusal or revocation of license; notice of hearing","url":"\/3.2-4761\/","token":"3.2\/III\/47\/4\/3.2-4761","metadata":false},{"id":357867,"structure_id":51189,"section_number":"3.2-4762","catch_line":"Commissioner's authority to investigate","url":"\/3.2-4762\/","token":"3.2\/III\/47\/4\/3.2-4762","metadata":false},{"id":357868,"structure_id":51189,"section_number":"3.2-4763","catch_line":"Violation a misdemeanor; illegal acts relating to issuance of receipts or removal of grain under storage, exchange or grain bank a felony","url":"\/3.2-4763\/","token":"3.2\/III\/47\/4\/3.2-4763","metadata":false}],"previous_section":{"id":357861,"structure_id":51189,"section_number":"3.2-4756","catch_line":"Execution, terms and form of bond or irrevocable letter of credit; action on bond or irrevocable letter of credit; investigation of complaints","url":"\/3.2-4756\/","token":"3.2\/III\/47\/4\/3.2-4756","metadata":false},"next_section":{"id":357863,"structure_id":51189,"section_number":"3.2-4758","catch_line":"Grain Dealers Licensing and Bonding Fund established; disposition of fees and penalties","url":"\/3.2-4758\/","token":"3.2\/III\/47\/4\/3.2-4758","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/3.2-4757\/","history_text":"

This law was first created in 1982. The record of its establishment is cataloged in chapter 187 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1982 \u201cActs\u201d aren\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1985, chapter 354; in 2008, chapter 860<\/a>.<\/p>","references":false,"refers_to":[{"id":357861,"section_number":"3.2-4756","catch_line":"Execution, terms and form of bond or irrevocable letter of credit; action on bond or irrevocable letter of credit; investigation of complaints","order_by":null,"url":"\/3.2-4756\/"}],"permalink":{"id":1423889,"object_type":"law","relational_id":357862,"identifier":"3.2-4757","token":"3.2\/III\/47\/4\/3.2-4757","url":"\/3.2-4757\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/3.2-4757\/","token":"3.2\/III\/47\/4\/3.2-4757","dublin_core":{"Title":"Duties and powers of Commissioner with respect to bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 3.2-4757","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Commissioner<\/span> may accept the proceeds from any bond<\/span> on which he is trustee or any letter of credit on which he is beneficiary, and deposit the proceeds in the state treasury at interest in favor of the claimants. The Commissioner<\/span> may institute and prosecute<\/span> suits or action in the name of the Commonwealth on behalf of claimants known and approved by him in any appropriate court<\/span> for any purpose in connection with the collection or distribution of the proceeds. It shall be the duty of any person having a claim against a grain dealer<\/span> to notify the Commissioner<\/span> of his claim. The Commissioner<\/span> shall have no duty to prosecute<\/span> any claim unless he has received such notice and believes the claim is valid. If the Commissioner<\/span> believes the claim to be invalid, he shall notify the claimant. The claimant shall then have his remedy pursuant to \u00a7 3.2-4756<\/a>. The Commissioner<\/span> may appeal<\/span> a decision of any court<\/span> that is contrary to any distribution recommended or authorized by him.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDUTIES AND POWERS OF COMMISSIONER WITH RESPECT TO BONDS (\u00a7 3.2-4757)\n\nThe Commissioner may accept the proceeds from any bond on which he is trustee or\nany letter of credit on which he is beneficiary, and deposit the proceeds in the\nstate treasury at interest in favor of the claimants. The Commissioner may\ninstitute and prosecute suits or action in the name of the Commonwealth on\nbehalf of claimants known and approved by him in any appropriate court for any\npurpose in connection with the collection or distribution of the proceeds. It\nshall be the duty of any person having a claim against a grain dealer to notify\nthe Commissioner of his claim. The Commissioner shall have no duty to prosecute\nany claim unless he has received such notice and believes the claim is valid. If\nthe Commissioner believes the claim to be invalid, he shall notify the claimant.\nThe claimant shall then have his remedy pursuant to \u00a7 3.2-4756. The\nCommissioner may appeal a decision of any court that is contrary to any\ndistribution recommended or authorized by him.\n\nHISTORY: 1982, c. 187, \u00a7 3.1-722.20:1; 1985, c. 354; 2008, c. 860.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}