Va. Code Ann. § 6.2-915
This is the official text of Va. Code Ann. § 6.2-915, 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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Protection of state deposits upon insolvency
Official statutory text
If, upon the examination of any bank that is designated as a state depository, it appears to the Commission that the bank is insolvent or is unable to meet its obligations and the legal demands upon it in the ordinary course of its business, the Commission shall forthwith notify the State Treasurer, who shall discontinue further deposits therein of state funds and take such action as may be necessary to protect the deposits of the Commonwealth therein.
Code 1950, § 6-115; 1966, c. 584, § 6.1-101; 2010, c. 794 .
Code 1950, § 6-115; 1966, c. 584, § 6.1-101; 2010, c. 794 .
Status: in_force · Read it on the official government site
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