CODE OF VIRGINIA

DEPOSITS OF FEDERAL TAXES AND U.S. TREASURY TAX AND LOAN ACCOUNTS (§ 6.2-1170)

Savings institutions may:

1. Serve as depositories for federal taxes and for U.S. Treasury tax and loan
deposits;

2. Satisfy any requirements in connection therewith, including maintaining tax
and loan accounts and note accounts, as defined by regulations of the U.S.
Treasury Department or other federal agency;

3. Pledge collateral; and

4. Satisfy the requirements of the U.S. Treasury Department in connection with
such deposits.

HISTORY: 1979, c. 77, § 6.1-195.22:2; 1985, c. 425, § 6.1-194.53; 1990, c. 3;
1991, c. 230, § 6.1-194.135; 2010, c. 794.