CHAP. 420.—An ACT to require assignees or trustees to give bonds
in certain cases.

Approved March 6, 1886.

1. Be it enacted by the general assembly of Virginia, That
every trustee or assignee to whom property, exceeding two
hundred dollars in value, is conveyed or assigned in trust for the
benefit of creditors, sureties or other persons, shall, if required
by any of said beneficiaries, in writing, before or after entering
upon the discharge of his duty as trustee or assignee, give bond
with one or more good and sufficient sureties, in amount equal
to the value of the property mentioned in the deed or assign-
ment, payable to the state of Virginia, conditioned for the faith-
ful performance of all duties imposed on him, by law, and the
terms of the deed or assignment; the said bond shall be exe-
cuted before the clerk, filed and preserved in the clerk’s office
of the county court of the county wherein said property lies.

2. If any trustee or assignee fail to give bond, with security,
as required by the preceding sections, the county court, or the
judge thereof in vacation, of the county wherein such property
lies, shall, on application of any person interested, by motion
after five days’ notice, remove said trustee or assignee, and ap-
point some other person trustee or receiver, who, upon exe-
cuting the aforementioned bond, may execute the trust. |

3. This.act shall be in force from its passage.