No treasurer or executive officer of any depository shall permit any public deposit to remain in any depository which is not a “qualified public depository” as defined in § 2.2-4401 and which is not secured pursuant to the Virginia Security for Public Deposits Act (§ 2.2-4400 et seq.).

History

Code 1950, § 58-948; 1984, c. 675; 1996, cc. 364, 390.