When deposits are made in accordance with this chapter no official of a public depositor shall be personally liable for any loss resulting from the default or insolvency of any qualified public depository in the absence of negligence, malfeasance, misfeasance, or nonfeasance on his part or on the part of his agents.
1973, c. 172, § 2.1-370; 2001, c. 844; 2010, cc. 640, 674.
Structure Code of Virginia
Title 2.2 - Administration of Government
Chapter 44 - Virginia Security for Public Deposits Act
§ 2.2-4400. Short title; declaration of intent; applicability
§ 2.2-4402. Collateral for public deposits
§ 2.2-4403. Procedure for payment of losses by pooled method
§ 2.2-4404. Procedure for payment of losses by dedicated method
§ 2.2-4405. Powers of Treasury Board relating to the administration of this chapter
§ 2.2-4407. Mandatory deposit of public funds in qualified public depositories
§ 2.2-4408. Authority to make public deposits