{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-892.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-892.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-892.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-892.html"}],"law_id":74900,"edition_id":1,"section_id":74900,"structure_id":16492,"section_number":"6.2-892","catch_line":"Federal deposit insurance a credit towards certain required bonds","history":"Code 1950, \u00a7 6-70; 1966, c. 584, \u00a7 6.1-83; 2010, c. 794.","full_text":"If a bank is required by the laws of the Commonwealth to furnish or deposit a surety bond or securities as security for the payment of any funds deposited in the bank, other than funds received or held in the trust department of the bank awaiting investment or distribution, the amount of the penalty of such bond or the amount of such securities shall be as required by law, less the amount of such deposit that, to the satisfaction of the body, officer, or other person responsible for seeing that a surety bond or amount of securities is furnished as security for such deposit, is insured under the provisions of \u00a7 12-b of the Federal Reserve Act, as amended, or any amendments thereto.","order_by":null,"text":{"0":{"id":269078,"text":"If a bank is required by the laws of the Commonwealth to furnish or deposit a surety bond or securities as security for the payment of any funds deposited in the bank, other than funds received or held in the trust department of the bank awaiting investment or distribution, the amount of the penalty of such bond or the amount of such securities shall be as required by law, less the amount of such deposit that, to the satisfaction of the body, officer, or other person responsible for seeing that a surety bond or amount of securities is furnished as security for such deposit, is insured under the provisions of \u00a7 12-b of the Federal Reserve Act, as amended, or any amendments thereto.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16492,"edition_id":1,"name":"Reserves","identifier":"10","label":"article","depth":4,"order_by":1,"parent_id":13791,"metadata":{},"date_created":"2026-06-26 04:21:02","date_modified":"2026-06-26 04:21:02","permalink":{"id":265101,"object_type":"structure","relational_id":16492,"identifier":"10","token":"6.2\/II\/8\/10","url":"\/6.2\/II\/8\/10\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13791,"edition_id":1,"name":"Banks","identifier":"8","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:53","date_modified":"2026-06-26 03:45:53","permalink":{"id":265065,"object_type":"structure","relational_id":13791,"identifier":"8","token":"6.2\/II\/8","url":"\/6.2\/II\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":81272,"structure_id":16492,"section_number":"6.2-889","catch_line":"Required reserves","url":"\/6.2-889\/","token":"6.2\/II\/8\/10\/6.2-889","metadata":false},{"id":83974,"structure_id":16492,"section_number":"6.2-890","catch_line":"Preferences by pledging assets","url":"\/6.2-890\/","token":"6.2\/II\/8\/10\/6.2-890","metadata":false},{"id":69781,"structure_id":16492,"section_number":"6.2-891","catch_line":"Perfection of certain security interests","url":"\/6.2-891\/","token":"6.2\/II\/8\/10\/6.2-891","metadata":false},{"id":74900,"structure_id":16492,"section_number":"6.2-892","catch_line":"Federal deposit insurance a credit towards certain required bonds","url":"\/6.2-892\/","token":"6.2\/II\/8\/10\/6.2-892","metadata":false}],"previous_section":{"id":69781,"structure_id":16492,"section_number":"6.2-891","catch_line":"Perfection of certain security interests","url":"\/6.2-891\/","token":"6.2\/II\/8\/10\/6.2-891","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-892\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1966, chapter 584; in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":265115,"object_type":"law","relational_id":74900,"identifier":"6.2-892","token":"6.2\/II\/8\/10\/6.2-892","url":"\/6.2-892\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-892\/","token":"6.2\/II\/8\/10\/6.2-892","dublin_core":{"Title":"Federal deposit insurance a credit towards certain required bonds","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-892","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

If a bank<\/span> is required by the laws<\/span> of the Commonwealth to furnish or deposit a surety<\/span> bond<\/span> or securities as security for the payment of any funds deposited in the bank<\/span>, other than funds received or held in the trust department of the bank<\/span> awaiting investment or distribution, the amount of the penalty<\/span> of such bond<\/span> or the amount of such securities shall be as required by law<\/span>, less the amount of such deposit that, to the satisfaction of the body, officer, or other person<\/span> responsible for seeing that a surety<\/span> bond<\/span> or amount of securities is furnished as security for such deposit, is insured under the provisions of \u00a7 12-b of the Federal Reserve Act, as amended, or any amendments thereto.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFEDERAL DEPOSIT INSURANCE A CREDIT TOWARDS CERTAIN REQUIRED BONDS (\u00a7 6.2-892)\n\nIf a bank is required by the laws of the Commonwealth to furnish or deposit a\nsurety bond or securities as security for the payment of any funds deposited in\nthe bank, other than funds received or held in the trust department of the bank\nawaiting investment or distribution, the amount of the penalty of such bond or\nthe amount of such securities shall be as required by law, less the amount of\nsuch deposit that, to the satisfaction of the body, officer, or other person\nresponsible for seeing that a surety bond or amount of securities is furnished\nas security for such deposit, is insured under the provisions of \u00a7 12-b of the\nFederal Reserve Act, as amended, or any amendments thereto.\n\nHISTORY: Code 1950, \u00a7 6-70; 1966, c. 584, \u00a7 6.1-83; 2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}