Insolvency of depository

Va. Code Ann. § 21-135
in effect
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The treasurer shall not be liable for any deposits which shall be lost by reason of the insolvency or failure of any bank in which he shall have been directed by the governing body to deposit them. 1946, p. 183; Michie Suppl. 1946, § 1560z6.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/21-135/Fetched: 10/16/2026

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