Virginia § 54.1-4107 - Private action on bond or letter of credit
Full text of Virginia Code of Virginia § 54.1-4107 — Private action on bond or letter of credit, with citation guidance and answers to common questions.
§ 54.1-4107. Private action on bond or letter of credit
Any person aggrieved by the misconduct of any dealer which violated the provisions of this chapter may maintain an action for recovery in any court of proper jurisdiction against the dealer and his surety. Recovery against the surety shall be only for that amount of the judgment which is unsatisfied by the dealer.
1981, c. 581, § 54-859.22; 1988, c. 765.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 54.1-4107
What does Code of Virginia § 54.1-4107 cover?
Section 54.1-4107 ("Private action on bond or letter of credit") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 54.1-4107?
A common citation format is "Code of Virginia § 54.1-4107" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 54.1-4107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.