Commonwealth responsible for deposits

Va. Code Ann. § 46.2-428
in effect
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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. Code 1950, § 46-448; 1958, c. 541, § 46.1-460; 1989, c. 727.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/46.2-428/Fetched: 10/16/2026

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