Virginia Code 9.1-185.16: Department submission to the State Corporation Commission
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A. The Department shall provide to the State Corporation Commission a list of all newly licensed surety bondsmen each month.
Terms Used In Virginia Code 9.1-185.16
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
- Bail bondsman: means any person who is licensed by the Department who engages in the business of bail bonding and is thereby authorized to conduct business in all courts of the Commonwealth. See Virginia Code 9.1-185
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Department of Criminal Justice Services. See Virginia Code 9.1-185
- Month: means a calendar month and "year" means a calendar year. See Virginia Code 1-223
- State: when applied to a part of the United States, includes any of the 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, and the United States Virgin Islands. See Virginia Code 1-245
B. When the Department terminates a surety bail bondsman’s license, the Department shall immediately notify the State Corporation Commission of the surety bail bondsman‘s termination and the reason for such termination.
2004, c. 460.