If a general receiver fail to keep the account, or to make out and return the statements required by § 8.01-585, he shall be subject to a fine of not less than $100 nor more than $1,000 to be imposed by the court at its discretion; and the condition of his official bond shall be taken to embrace the liability of himself and his sureties for any such fine.
§ 8.01-590.Penalty for failure of duty.
Chapter 22. Receivers, General and Special · Article 1. General Receivers · Last amended 1977 · Last verified July 16, 2026
In one sentenceThis section subjects a general receiver who fails to keep the required account or fails to file the statements demanded by § 8.01-585 to a fine of $100 to $1,000, set at the court's discretion, with his official bond backing payment of that fine.
Full Text of § 8.01-590
Plain-English Summary
The accounting and reporting duties in § 8.01-585 are not optional formalities. This section attaches a penalty to noncompliance: if a general receiver fails to keep the required account, or fails to make out and return the statements § 8.01-585 demands, he is subject to a fine of not less than $100 nor more than $1,000, imposed at the court's discretion.
The fine is not left to chase the receiver's personal solvency alone. The condition of his official bond is read to embrace the liability of the receiver and his sureties for any fine imposed under this section, so the surety stands behind the receiver's compliance with his recordkeeping duties just as it stands behind his handling of the money itself.
Frequently Asked Questions
What conduct triggers the fine under this section?
A general receiver's failure to keep the account, or to make out and return the statements, required by § 8.01-585.
What is the range of the fine?
Not less than $100 nor more than $1,000.
Who decides the exact amount of the fine within that range?
The court, at its discretion.
Who is responsible for paying the fine if the receiver cannot?
The receiver's official bond is treated as covering the liability of the receiver himself and his sureties for the fine.
Which section sets out the accounting duties this section enforces?
Section 8.01-585.
Amendment History
Code 1950, § 8-733; 1977, c. 617.
Source & verification. Section text and amendment history are
reproduced verbatim from the Code of Virginia, published by the
Code of Virginia, Virginia Division of Legislative Automated Systems. Last verified July 16, 2026.
· Official source
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