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Current as of January 01, 2024 | Updated by FindLaw Staff
The court shall examine the reports required by the preceding section, when the same are made to it, and, if satisfied of the correctness thereof, shall order them, by indorsement thereon, to be recorded. If it appear from the report of the commissioner that any bond of a receiver, or any bond or other security given by any person to whom money has been loaned under its order, is insufficient, the court shall order additional security to be given, or another bond to be executed before it, in such penalty as may seem right, and with sufficient sureties. But the execution of such new bond shall not discharge the sureties in any prior bond from their liability for acts of the principal obligor done previously to the execution of such new bond.
Cite this article: FindLaw.com - West Virginia Code Chapter 51. Courts and Their Officers § 51-6-11. Examination of reports; recordation; new bond or additional security; effect - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-51-courts-and-their-officers/wv-code-sect-51-6-11/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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