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Code of Virginia · § 46.2-428 — Commonwealth responsible for deposits

46.2-428. Commonwealth responsible for deposits

The Commonwealth shall be responsible for the safekeeping of all bonds, cash, and securities deposited with the State Treasurer under the provisions of this chapter, and if the deposit or any part of the deposit is lost, destroyed, or misappropriated the Commonwealth shall make good the loss to any person entitled thereto.

History and annotations

Code 1950, § 46-448; 1958, c. 541, § 46.1-460; 1989, c. 727.

Official source for this version

Source captured 2026-09-25. Open the official source.

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