§ 2.2-1818 Responsibility of Commonwealth for securities deposited with Commonwealth Transportation Board
The Commonwealth shall be responsible for the safekeeping of all bonds or other securities deposited with the Commissioner of Highways or the Commonwealth Transportation Board as surety on account of funds deposited in banks by division engineers of the Department of Transportation. If such bonds or securities or any of them are lost, destroyed or misappropriated, the Commonwealth shall make good such loss to the bank making the deposit of its bonds or other securities.
Upon the closing of accounts of district engineers with banks, its bonds and other securities then on deposit shall be returned to the bank.
History
The record of this law’s original creation isn’t available online. It has been modified 2 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 677; in 2001, chapter 844.
Code 1950, § 2-192; 1966, c. 677, § 2.1-223; 2001, c. 844.