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.
Va. Code Ann. § 21-135
Insolvency of depository
Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.