§ 15-140. Dealer's bond; availability of bond proceeds.

(a)

Prior to submitting his application, every dealer shall obtain and deliver to the county a bond secured by corporate surety authorized to do business in this commonwealth. The bond shall be payable to the county in the penal sum of $10,000.00 and conditioned upon due observance of the terms of this article.

(b)

Any person who suffers a loss due to the dealer violating the provisions of this article and who recovers a final judgment against the dealer for such loss may maintain an action in his own name upon the bond or surety.

(Code 1978, §§ 7.01-10, 7.01-11)

(Code 1978, §§ 7.01-10, 7.01-11)