§51-6-11. Examination of reports; recordation; new bond or
additional security; effect.
The court shall examine the reports required by the preceding
section, when the same are made to it, and, if satisfied of the
correctness thereof, shall order them, by indorsement thereon, to
be recorded. If it appear from the report of the commissioner that
any bond of a receiver, or any bond or other security given by any
person to whom money has been loaned under its order, is
insufficient, the court shall order additional security to be
given, or another bond to be executed before it, in such penalty as
may seem right, and with sufficient sureties. But the execution of
such new bond shall not discharge the sureties in any prior bond
from their liability for acts of the principal obligor done
previously to the execution of such new bond.
Note: WV Code updated with legislation passed through the 2014 1st Special Session
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