6.1-124 - (Repealed effective October 1, 2010) Receiving deposit knowing bank or broker to be insolvent. - Virginia Statutes

§ 6.1-124. (Repealed effective October 1, 2010) Receiving deposit knowingbank or broker to be insolvent.

Any officer or director of any bank and any private banker or broker or anyemployee of any such bank, banker or broker, who shall take and receive, orpermit to be received, a deposit from any person with the actual knowledgethat the bank, banker or broker is at the time insolvent, shall be guilty ofembezzlement, and shall be punished by a fine double the amount so received,and be confined in a state correctional facility not less than one nor morethan three years, in the discretion of the jury, for each offense. On thetrial of any indictment under this section it shall be the duty of any suchbank, banker or broker, its agent or officers, to produce in court on demandof the attorney for the Commonwealth, all books and papers of such bank,banker or broker, to be read as evidence on the trial of such indictment; butin determining the question of the solvency of any bank, the capital stockthereof shall not be considered as a liability due by it.

(Code 1950, § 6-3; 1966, c. 584.)