Virginia Code § 2.2-4409

Authority to secure public deposits; acceptance of liabilities and duties by public depositories
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All qualified public depositories are hereby authorized to secure public deposits in accordance with this chapter and shall be deemed to have accepted the liabilities and duties imposed upon it pursuant to this chapter.
1973, c. 172, § 2.1-368; 2001, c. 844; 2010, cc. 640, 674.

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