Code of Virginia § 21-135. Insolvency of depository.
45 words·~1 min read·
/va/title-21/chapter-2/21-135A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The treasurer shall not be liable for any deposits which shall be lost by reason of the insolvency or failure of any bank in which he shall have been directed by the governing body to deposit them.
1946, p. 183; Michie Suppl. 1946, § 1560z6.