# Va. Code Ann. § 55.1-2403: Increase or reduction of penalty of escheator's bond; effect

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2403

## Section

- **Citation:** Va. Code Ann. § 55.1-2403
- **Heading:** Increase or reduction of penalty of escheator's bond; effect
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Code / Title 55.1 / Subtitle V / Chapter 24 / Section 55.1-2403

## Text

The court may, at any time, with reasonable notice to the escheator, increase or reduce the penalty of the bond, provided that in no case shall such penalty be reduced to less than $1,000. Upon bond being given under an order increasing or reducing the penalty of a former bond, the sureties in such former bond and their estates shall be discharged from all liability for any breach of official duty committed by such escheator after that time.

Code 1919, § 491; Code 1950, § 55-170; 2019, c. 712 .

## Nearby sections

- [Va. Code Ann. § 55.1-2400 Definition](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2400.md)
- [Va. Code Ann. § 55.1-2401 Appointment of escheators](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2401.md)
- [Va. Code Ann. § 55.1-2402 Bond of escheator](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2402.md)
- [Va. Code Ann. § 55.1-2403 Increase or reduction of penalty of escheator's bond; effect](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2403.md)
- [Va. Code Ann. § 55.1-2404 Annual report to escheator; lands not liable](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2404.md)
- [Va. Code Ann. § 55.1-2405 Escheator to hold inquest; notice of inquest](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2405.md)
- [Va. Code Ann. § 55.1-2406 Jury of inquest; presentation of evidence](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2406.md)
- [Va. Code Ann. § 55.1-2407 Attendance of jurors; compensation](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2407.md)
- [Va. Code Ann. § 55.1-2408 How verdict signed; where returned and recorded](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2408.md)
- [Va. Code Ann. § 55.1-2409 Proceedings to claim land escheated](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2409.md)
- [Va. Code Ann. § 55.1-2410 Trial by jury; judgment of court](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2410.md)
- [Va. Code Ann. § 55.1-2411 Facts or evidence to be certified](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2411.md)
- [Va. Code Ann. § 55.1-2412 Lands may be committed to claimant while claim pending](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2412.md)
- [Va. Code Ann. § 55.1-2413 Disposition of lands while claim is pending, if not committed to claimant](https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2413.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T55.1_SV_C24_S55.1-2403. Check the current official text before relying on it. Not legal advice.