CODE OF VIRGINIA

TREASURER TO RECEIPT FOR DEPOSITS; RESPONSIBILITY OF COMMONWEALTH; TAXATION OF
DEPOSITED BONDS (§ 38.2-1056)

The State Treasurer shall provide receipts to the insurer for all securities
deposited with him under the provisions of this title.  The Commonwealth shall
be responsible for the safekeeping of the securities.  If some or all of the
securities are lost, destroyed or misappropriated, the Commonwealth shall pay or
satisfy the loss to the insurer making the deposit. Securities deposited with
the State Treasurer shall not be subject to taxation.

HISTORY: Code 1950, §§ 38-42, 38-46; 1952, c. 317, § 38.1-120; 1986, c. 562.