Code · Virginia · Title 6.2 · Chapter 11

Code of Virginia § 6.2-1170. Deposits of federal taxes and U.S. Treasury tax and loan accounts.

87 words·~1 min read·/va/title-6-2/chapter-11/6-2-1170

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Savings institutions may:

1. Serve as depositories for federal taxes and for U.S. Treasury tax and loan deposits;

2. Satisfy any requirements in connection therewith, including maintaining tax and loan accounts and note accounts, as defined by regulations of the U.S. Treasury Department or other federal agency;

3. Pledge collateral; and

4. Satisfy the requirements of the U.S. Treasury Department in connection with such deposits.

1979, c. 77, § 6.1-195.22:2; 1985, c. 425, § 6.1-194.53; 1990, c. 3; 1991, c. 230, § 6.1-194.135; 2010, c. 794 .