Va. Code § 2.2-4408

Current with changes from the 2024 legislative session through ch. 845

Section 2.2-4408 - Authority to make public deposits

A. All public depositors are hereby authorized to make public deposits under their control in qualified public depositories, securing such public deposits pursuant to this chapter.

B. Local officials handling public deposits in the Commonwealth may not require from a qualified public depository any pledge of collateral for their deposits in excess of the requirements of this chapter.

Va. Code § 2.2-4408

1973, c. 172, § 2.1-367; 1980, c. 538, § 2.1-234.5; 1998, cc. 20, 21; 2001, c. 844; 2010, cc. 640, 674.

Amended by Acts 2010, cc. 640, 674.

Amended by Acts 2001, c. 844.

Amended by Acts 1998, cc. 20, 21.

Amended by Acts 1980, c. 538, § 2.1-234.5.

Amended by Acts 1973, c. 172, § 2.1-367.