7703652.2-4410Virginia Decodedhttps://vacode.org2016Administration Of GovernmentAdministration Of State GovernmentTransaction Of Public BusinessVirginia Security For Public Deposits ActLiability of public depositors1973, c. 172, § 2.1-370; 2001, c. 844; 2010, cc. 640, 674.http://law.lis.virginia.gov/vacode/2.2-4410//2.2-4410/2.2/II/B/44/2.2-4410

When deposits are made in accordance with this chapter no official of a public depositor shall be personally liable for any loss resulting from the default or insolvency of any qualified public depository in the absence of negligence, malfeasance, misfeasance, or nonfeasance on his part or on the part of his agents.section

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