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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>346260</law_id><section_number>12.1-24</section_number><catch_line>Bonds of members of staff</catch_line><edition url="https://vacode.org/2026/" slug="2026" current="TRUE" last_updated="2026-08-02">2026</edition><structure><unit label="title" level="1" order_by="42" identifier="12.1">State Corporation Commission</unit><unit label="chapter" level="2" order_by="4" identifier="4">Subordinate Employees of the Commission</unit></structure><text>
						<section><p>The Commission may obtain one or more blanket <span class="dictionary">bonds</span> covering members of its staff conditioned for the faithful and lawful performance of their official duties. The <span class="dictionary">surety</span> shall be a <span class="dictionary">surety</span> company authorized to transact business in Virginia. A member of the staff of the Commission who is covered by a blanket <span class="dictionary">bond</span> to the extent of $20,000 shall not be required to furnish a separate <span class="dictionary">bond</span>.</p></section></text><history>Code 1950, &#xA7; 12-45; 1968, c. 51; 1971, Ex. Sess., c. 157.</history><metadata></metadata></law>
