CHAPTER 328

An Act to amend and reenact § 26-8 of the Code of Virginia, relating to
fiduciary bonds.
([S 49]

Approved April 1, 1966
Be it enacted by the General Assembly of Virginia:

= That § 26-3 of the Code of Virginia be amended and reenacted as
ollows:
§ 26-3. The court under whose order or under the order of whose
clerk any such fiduciary derives his authority, on the application of any
surety or his personal representative, shall, or, when it appears proper on
such report of the clerk or a commissioner or on evidence adduced before
it by any party interested, may, at any time, whether such fiduciary shall
or shall not have before given bond, or whether he shall have given one with
or without sureties, order him to give before such court, or before the clerk
thereof, a new bond in a reasonable time to be prescribed by it in such
penalty and with or without sureties as may appear to it to be proper and
may, if such order be not complied with, or whenever from any cause it
appears proper, revoke and annul the powers of any such fiduciary; but
no such order shall be made unless reasonable notice appear to have been
given to such fiduciary by the commissioner who made such report, or by
the surety or his representative making the application aforesaid, or by the
service of a rule or otherwise; and no such order or revocation shall invali-
date any previous act of such fiduciary.

Upon motion of any such fiduciary, surety or other party tn interest,
anew bond may be given before the court, or before the clerk thereof, in
such penalty and with such sureties as may appear to the court or the clerk
to be proper; which new bond shall have the effect provided by § 49-14.