58.1-3149 - Money received to be deposited. - Virginia Statutes

§ 58.1-3149. Money received to be deposited.

All money received by a treasurer for the account of either the Commonwealthor the treasurer's county or city shall be deposited intact by the treasureras promptly as practical after its receipt in a bank or savings institutionauthorized to act as depository therefor. All deposits made pursuant to thisprovision shall be made in the name of the treasurer's county or city. Thetreasurer may designate any bank or savings and loan association authorizedto act as a depository to receive any payments due to the county or citydirectly, either through a processing facility or through a branch office.

(Code 1950, § 58-939; 1975, c. 20; 1984, c. 675; 1992, c. 683; 1996, c. 77.)