Va. Code Ann. § 2.2-1818
This is the official text of Va. Code Ann. § 2.2-1818, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Responsibility of Commonwealth for securities deposited with Commonwealth Transportation Board
Official statutory text
The Commonwealth shall be responsible for the safekeeping of all bonds or other securities deposited with the Commissioner of Highways or the Commonwealth Transportation Board as surety on account of funds deposited in banks by division engineers of the Department of Transportation. If such bonds or securities or any of them are lost, destroyed or misappropriated, the Commonwealth shall make good such loss to the bank making the deposit of its bonds or other securities.
Upon the closing of accounts of district engineers with banks, its bonds and other securities then on deposit shall be returned to the bank.
Code 1950, § 2-192; 1966, c. 677, § 2.1-223; 2001, c. 844 .
Upon the closing of accounts of district engineers with banks, its bonds and other securities then on deposit shall be returned to the bank.
Code 1950, § 2-192; 1966, c. 677, § 2.1-223; 2001, c. 844 .
Status: in_force · Read it on the official government site
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