                                 CODE OF VIRGINIA

BONDS AS LEGAL INVESTMENTS AND LAWFUL SECURITY (§ 15.2-4915)

The bonds issued pursuant to this chapter shall be and are hereby declared to be
legal and authorized investments for banks, savings banks, trust companies,
building and loan associations, insurance companies, fiduciaries, trustees,
guardians and for all public funds of the Commonwealth or other political
corporations or subdivisions of the Commonwealth. Such bonds shall be eligible
to secure the deposit of public funds of the Commonwealth, localities, school
districts or other political corporations or subdivisions of the Commonwealth,
and shall be security for such deposits to the extent of their value when
accompanied by all unmatured coupons appertaining thereto.

HISTORY: 1966, c. 651, § 15.1-1386; 1997, c. 587.