§ 3.1-722.36. (Repealed effective October 1, 2008) Duties and powers of Commissioner with respect to bond...
The Commissioner may accept the proceeds from any bond on which he is trustee and deposit the proceeds in the state treasury with interest in favor of the bond claimants. The Commissioner may institute and prosecute suits for actions in the name of the Commonwealth on behalf of the claimants known and approved by him in any appropriate court for any purpose in connection with the collection or distribution of the bond or its proceeds. It shall be the duty of any person having a claim against a cotton handler to notify the Commissioner of his claim. The Commissioner shall have no duty to prosecute any claim unless he has actual notice thereof and believes the claim to be valid. If the Commissioner believes the claim to be invalid, in whole or in part, he shall so notify the claimant. Notwithstanding any other provision of law, the Commissioner shall have the right to appeal a decision of any court which is contrary to any distribution recommended or authorized by him.
(2000, c. 584.)Sections: Previous 3.1-722.29 3.1-722.30 3.1-722.31 3.1-722.32 3.1-722.33 3.1-722.34 3.1-722.35 3.1-722.36 3.1-722.37 3.1-722.38 3.1-722.39 3.1-722.40 3.1-722.41 3.1-722.42 3.1-722.43 Next
Last modified: April 2, 2009