Va. Code § 3.2-4740

Current with changes from the 2024 legislative session through ch. 845

Section 3.2-4740 - Bond required

Each application shall be accompanied by a good and sufficient bond in the minimum sum of $1,000 or in such greater amount as is equal to the maximum amount of gross business the applicant does in any month in the Commonwealth during the preceding licensing year, but in no event shall the amount of bond required exceed $40,000.

Va. Code § 3.2-4740

1968, c. 598, § 3.1-722.4; 1972, c. 646; 1977, c. 21; 1994, c. 340; 2008, c. 860.

Amended by Acts 2008, c. 860.

Amended by Acts 1994, c. 340.

Amended by Acts 1977, c. 21.

Amended by Acts 1972, c. 646.

Amended by Acts 1968, c. 598, § 3.1-722.4.