§ 15.2-2621. Bonds mutilated, lost or destroyed
If any bond is mutilated, destroyed or lost, the governing body of the locality obligated to pay the bond may cause a new bond of like date, number and tenor to be executed and delivered in exchange and substitution for and upon the cancellation of the mutilated bond, or in lieu of and in substitution for the bond destroyed or lost, upon the owner paying the reasonable expense and charges in connection therewith. In the case of a bond destroyed or lost, its owner may be required to file with the person having custody of the funds from which the bond is to be paid evidence satisfactory to that person that the bond was destroyed or lost, and evidence of the ownership of the bond and may be required to furnish indemnity satisfactory to that person.
(Code 1950, § 15-666.50; 1958, c. 640; 1962, c. 623, § 15.1-209; 1986, c. 468; 1991, c. 668, § 15.1-227.23; 1997, c. 587.)
Sections: Previous 15.2-2614 15.2-2615 15.2-2616 15.2-2617 15.2-2618 15.2-2619 15.2-2620 15.2-2621 15.2-2622 15.2-2623 15.2-2624 15.2-2625 15.2-2626 15.2-2627 15.2-2628 NextLast modified: April 2, 2009