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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>74173</law_id><section_number>38.2-1058</section_number><catch_line>Felony for State Treasurer to dispose of securities illegally</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="38.2">Insurance</unit><unit label="chapter" level="2" order_by="1" identifier="10">Organization, Admission and Licensing of Insurers</unit><unit label="article" level="3" order_by="1" identifier="7">Deposits</unit></structure><text>
						<section><p>If the <span class="dictionary">State</span> Treasurer disposes of any securities deposited with him under this title, other than as provided in this title, he shall be guilty of a Class 3 <span class="dictionary">felony</span>, and, upon <span class="dictionary">conviction</span>, shall be punished by a fine double the amount of the disposed securities.</p></section></text><history>Code 1950, &#xA7; 38-53; 1952, c. 317, &#xA7; 38.1-122; 1986, c. 562.</history><metadata></metadata></law>
