Va. Code § 23.1-1108
Bonds mutilated, lost, or destroyed
Virginia · Code of Virginia Title 23.1 — Institutions of Higher Education; Other Educational and Cultural Institutions · Status: effective
Cite this
- Citation
- Va. Code § 23.1-1108, Bonds mutilated, lost, or destroyed, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1409321
- Permanent ID
ys:prov:1409321@1- SHA-256
f895488ef482a3959d8d6efd445c4bde827911083eecfb7554f464489f1600ff
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
If any bond issued by an institution is mutilated, lost, or destroyed, the board may execute and deliver a new bond of like date, number, and tenor in exchange and substitution for, and upon cancellation of a mutilated bond and its interest coupons or in lieu of and in substitution for a lost or destroyed bond and its unmatured interest coupons. Such new bond or coupon shall not be executed or delivered until the holder of the mutilated, lost, or destroyed bond (i) has paid the reasonable expense and charges in connection with the execution and delivery;
(ii) in the case of a lost or destroyed bond, has filed with the board and the State Treasurer satisfactory evidence that such bond was lost or destroyed and that the bondholder was the owner of the bond; and (iii) has furnished indemnity satisfactory to the State Treasurer.