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.
Va. Code Ann. § 46.2-446
Notice to Commissioner prerequisite to cancellation of bond; cancellation not to affect rights arising prior thereto
Code 1950, § 46-467; 1958, c. 541, § 46.1-478; 1989, c. 727.
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.