{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.01-583.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.01-583.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.01-583.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.01-583.html"}],"law_id":73240,"edition_id":1,"section_id":73240,"structure_id":16117,"section_number":"8.01-583","catch_line":"How securities taken and kept; power of receivers over same","history":"Code 1950, \u00a7 8-726; 1977, c. 617; 1988, c. 553; 1990, c. 3.","full_text":"The securities in which under the orders of the court such investments may be made shall be taken in the name of the general receiver and be kept by him, unless otherwise specially ordered. He shall have power to sell, transfer or collect the same, only upon order of the court; and in case of his death, resignation or removal his successor, or any person specially appointed by the court for that purpose, shall have like power.\n\t\tNotwithstanding the foregoing paragraph, when a general receiver places funds in a security or investment which is insured by the Federal Deposit Insurance Corporation or other federal insurance agency, the general receiver shall to the extent practicable invest these funds so that insurance coverage is provided by the Federal Deposit Insurance Corporation or other federal insurance agency.","order_by":null,"text":{"0":{"id":263629,"text":"The securities in which under the orders of the court such investments may be made shall be taken in the name of the general receiver and be kept by him, unless otherwise specially ordered. He shall have power to sell, transfer or collect the same, only upon order of the court; and in case of his death, resignation or removal his successor, or any person specially appointed by the court for that purpose, shall have like power.\n\t\tNotwithstanding the foregoing paragraph, when a general receiver places funds in a security or investment which is insured by the Federal Deposit Insurance Corporation or other federal insurance agency, the general receiver shall to the extent practicable invest these funds so that insurance coverage is provided by the Federal Deposit Insurance Corporation or other federal insurance agency.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":16117,"edition_id":1,"name":"General Receivers","identifier":"1","label":"article","depth":3,"order_by":1,"parent_id":14702,"metadata":{},"date_created":"2026-06-26 04:06:26","date_modified":"2026-06-26 04:06:26","permalink":{"id":279053,"object_type":"structure","relational_id":16117,"identifier":"1","token":"8.01\/22\/1","url":"\/8.01\/22\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14702,"edition_id":1,"name":"Receivers, General and Special","identifier":"22","label":"chapter","depth":2,"order_by":1,"parent_id":12747,"metadata":{},"date_created":"2026-06-26 03:49:25","date_modified":"2026-06-26 03:49:25","permalink":{"id":279051,"object_type":"structure","relational_id":14702,"identifier":"22","token":"8.01\/22","url":"\/8.01\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12747,"edition_id":1,"name":"Civil Remedies and Procedure","identifier":"8.01","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":277029,"object_type":"structure","relational_id":12747,"identifier":"8.01","token":"8.01","url":"\/8.01\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":63701,"structure_id":16117,"section_number":"8.01-582","catch_line":"Appointment of general receivers; their duties; audit of funds","url":"\/8.01-582\/","token":"8.01\/22\/1\/8.01-582","metadata":false},{"id":73240,"structure_id":16117,"section_number":"8.01-583","catch_line":"How securities taken and kept; power of receivers over same","url":"\/8.01-583\/","token":"8.01\/22\/1\/8.01-583","metadata":false},{"id":77860,"structure_id":16117,"section_number":"8.01-584","catch_line":"How dividends and interest collected and invested","url":"\/8.01-584\/","token":"8.01\/22\/1\/8.01-584","metadata":false},{"id":76376,"structure_id":16117,"section_number":"8.01-585","catch_line":"How accounts kept by receivers","url":"\/8.01-585\/","token":"8.01\/22\/1\/8.01-585","metadata":false},{"id":75298,"structure_id":16117,"section_number":"8.01-586","catch_line":"Inquiry as to unknown owners of funds","url":"\/8.01-586\/","token":"8.01\/22\/1\/8.01-586","metadata":false},{"id":69775,"structure_id":16117,"section_number":"8.01-587","catch_line":"Liability of general receivers","url":"\/8.01-587\/","token":"8.01\/22\/1\/8.01-587","metadata":false},{"id":72633,"structure_id":16117,"section_number":"8.01-588","catch_line":"Bonds generally","url":"\/8.01-588\/","token":"8.01\/22\/1\/8.01-588","metadata":false},{"id":75269,"structure_id":16117,"section_number":"8.01-588.1","catch_line":"Bonds apportioned to funds under control; annual reports","url":"\/8.01-588.1\/","token":"8.01\/22\/1\/8.01-588.1","metadata":false},{"id":80014,"structure_id":16117,"section_number":"8.01-589","catch_line":"Compensation and fees; when none allowed","url":"\/8.01-589\/","token":"8.01\/22\/1\/8.01-589","metadata":false},{"id":73365,"structure_id":16117,"section_number":"8.01-590","catch_line":"Penalty for failure of duty","url":"\/8.01-590\/","token":"8.01\/22\/1\/8.01-590","metadata":false}],"previous_section":{"id":63701,"structure_id":16117,"section_number":"8.01-582","catch_line":"Appointment of general receivers; their duties; audit of funds","url":"\/8.01-582\/","token":"8.01\/22\/1\/8.01-582","metadata":false},"next_section":{"id":77860,"structure_id":16117,"section_number":"8.01-584","catch_line":"How dividends and interest collected and invested","url":"\/8.01-584\/","token":"8.01\/22\/1\/8.01-584","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.01-583\/","history_text":"<p>The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 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 1977, chapter 617; in 1988, chapter 553; in 1990, chapter 3.<\/p>","references":[{"id":71631,"section_number":"56-265.13:6.1","catch_line":"Appointment of receiver; penalty","order_by":null,"url":"\/56-265.13_6.1\/"}],"refers_to":false,"permalink":{"id":279059,"object_type":"law","relational_id":73240,"identifier":"8.01-583","token":"8.01\/22\/1\/8.01-583","url":"\/8.01-583\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.01-583\/","token":"8.01\/22\/1\/8.01-583","dublin_core":{"Title":"How securities taken and kept; power of receivers over same","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.01-583","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The securities in which under the <span class=\"dictionary\">orders<\/span> of the <span class=\"dictionary\">court<\/span> such investments may be made shall be taken in the name of the general receiver and be kept by him, unless otherwise specially ordered. He shall have power to sell, transfer or collect the same, only upon <span class=\"dictionary\">order<\/span> of the <span class=\"dictionary\">court<\/span>; and in case of his death, resignation or removal his successor, or any <span class=\"dictionary\">person<\/span> specially appointed by the <span class=\"dictionary\">court<\/span> for that purpose, shall have like power.\n\t\tNotwithstanding the foregoing paragraph, when a general receiver places funds in a security or investment which is insured by the Federal Deposit Insurance Corporation or other federal insurance agency, the general receiver shall to the extent practicable invest these funds so that insurance coverage is provided by the Federal Deposit Insurance Corporation or other federal insurance agency.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nHOW SECURITIES TAKEN AND KEPT; POWER OF RECEIVERS OVER SAME (\u00a7 8.01-583)\n\nThe securities in which under the orders of the court such investments may be\nmade shall be taken in the name of the general receiver and be kept by him,\nunless otherwise specially ordered. He shall have power to sell, transfer or\ncollect the same, only upon order of the court; and in case of his death,\nresignation or removal his successor, or any person specially appointed by the\ncourt for that purpose, shall have like power.\n\t\tNotwithstanding the foregoing paragraph, when a general receiver places funds\nin a security or investment which is insured by the Federal Deposit Insurance\nCorporation or other federal insurance agency, the general receiver shall to the\nextent practicable invest these funds so that insurance coverage is provided by\nthe Federal Deposit Insurance Corporation or other federal insurance agency.\n\nHISTORY: Code 1950, \u00a7 8-726; 1977, c. 617; 1988, c. 553; 1990, c. 3.","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}}