Virginia Code 54.1-4107: Private action on bond or letter of credit
Current as of: 2024 | Check for updates
|
Other versions
Any person aggrieved by the misconduct of any dealer which violated the provisions of this chapter may maintain an action for recovery in any court of proper jurisdiction against the dealer and his surety. Recovery against the surety shall be only for that amount of the judgment which is unsatisfied by the dealer.
Terms Used In Virginia Code 54.1-4107
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
1981, c. 581, § 54-859.22; 1988, c. 765.