Code of Virginia § 51.1-124.34. Retention of investments that become ineligible.
75 words·~1 min read·
/va/title-51-1/chapter-1/51-1-124-34·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An investment that conformed with the provisions of this chapter at the time the investment was made may be retained even though the investment ceases to be eligible for purchase under the provisions of this chapter, unless the standard of care in § 51.1-124.30 requires the sale or other disposition of the investment.
1980, c. 596, § 51-111.24:1; 1988, c. 526; 1989, c. 28; 1990, c. 832, § 51.1-123; 1994, cc. 4 , 85 .