26-44 - Investments that cease to be eligible may be retained. - Virginia Statutes

§ 26-44. Investments that cease to be eligible may be retained.

Investments made under the provisions of § 26-40 or § 26-40.01, if inconformity with the requirements of such section at the time such investmentswere made, may be retained even though they cease to be eligible for purchaseunder the provisions of such section, but shall be subject to the provisionsof Article 2 (§ 26-45.3 et seq.).

(Code 1919, § 5431; 1942, p. 662; 1992, c. 810; 1999, c. 772.)