Virginia Code 2.2-4409: Authority to secure public deposits; acceptance of liabilities and duties by public depositories
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All qualified public depositories are hereby authorized to secure public deposits in accordance with this chapter and shall be deemed to have accepted the liabilities and duties imposed upon it pursuant to this chapter.
Terms Used In Virginia Code 2.2-4409
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.