Code of Virginia § 58.1-3150. Duties of depository officers.
61 words·~1 min read·
/va/title-58-1/chapter-31/58-1-3150·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No treasurer or executive officer of any depository shall permit any public deposit to remain in any depository which is not a "qualified public depository" as defined in § 2.2-4401 and which is not secured pursuant to the Virginia Security for Public Deposits Act (§ 2.2-4400 et seq.).
Code 1950, § 58-948; 1984, c. 675; 1996, cc. 364 , 390 .