Chap. 207.—An ACT to add a new section to the Code of Virginia to be numbered
4350-a relating to when a surety may require joint control of property.

[H B 327]
Approved March 13, 1942

1. Be it enacted by the General Assembly of Virginia, That the
Code of Virginia be amended by adding a new section numbered forty-
three hundred and fifty-a, as follows: , ,

Section 4350-a. Surety may require joint control of property.—It
shall be lawful for any party of whom a bond, undertaking or obligation
is required to agree with his surety or sureties for the deposit of any or
all moneys and assets for which he and his surety or sureties are or may
be held responsible, with a bank, savings bank, safe deposit or trust com-
pany, authorized by: law to do business as such, or with other depository
approved by the court or a judge thereof, if such deposit is otherwise
proper, for the safekeeping thereof, and in such manner as to prevent the
withdrawal of such money or assets or any part thereof, without the
‘written consent of such surety or sureties, or an order of court, or a judge
thereof, made on such notice to such surety or sureties as such court or
judge may direct; provided, however, that such agreement shall not in
any manner release from or change the liability of the principal or sureties
as established by the terms of the said bond.