§ 6.2-1169. (Effective October 1, 2010) Accounts of savings institutions aslegal investments and as security.
Administrators, executors, custodians, conservators, guardians, trustees, andother fiduciaries, insurance companies, business and manufacturing companies,banks, trust companies, credit unions and other types of similar financialorganizations, charitable, educational, and eleemosynary funds andorganizations, and all agencies, localities, and other political subdivisionsand governmental units of the Commonwealth are specifically authorized toinvest funds held by them, without any order of any court, in accounts ofsavings institutions authorized to do business in the Commonwealth. Suchinvestments shall be deemed and held to be legal investments for such funds.The provisions of this section are supplemental to any and all other lawsrelating to and declaring what shall be legal investments for the personsreferred to in this section.
(1972, c. 796, § 6.1-195.50; 1985, c. 425, § 6.1-194.52; 2010, c. 794.)
§ 6.2-1169. (Effective October 1, 2010) Accounts of savings institutions aslegal investments and as security.
Administrators, executors, custodians, conservators, guardians, trustees, andother fiduciaries, insurance companies, business and manufacturing companies,banks, trust companies, credit unions and other types of similar financialorganizations, charitable, educational, and eleemosynary funds andorganizations, and all agencies, localities, and other political subdivisionsand governmental units of the Commonwealth are specifically authorized toinvest funds held by them, without any order of any court, in accounts ofsavings institutions authorized to do business in the Commonwealth. Suchinvestments shall be deemed and held to be legal investments for such funds.The provisions of this section are supplemental to any and all other lawsrelating to and declaring what shall be legal investments for the personsreferred to in this section.
(1972, c. 796, § 6.1-195.50; 1985, c. 425, § 6.1-194.52; 2010, c. 794.)
§ 6.2-1169. (Effective October 1, 2010) Accounts of savings institutions aslegal investments and as security.
Administrators, executors, custodians, conservators, guardians, trustees, andother fiduciaries, insurance companies, business and manufacturing companies,banks, trust companies, credit unions and other types of similar financialorganizations, charitable, educational, and eleemosynary funds andorganizations, and all agencies, localities, and other political subdivisionsand governmental units of the Commonwealth are specifically authorized toinvest funds held by them, without any order of any court, in accounts ofsavings institutions authorized to do business in the Commonwealth. Suchinvestments shall be deemed and held to be legal investments for such funds.The provisions of this section are supplemental to any and all other lawsrelating to and declaring what shall be legal investments for the personsreferred to in this section.
(1972, c. 796, § 6.1-195.50; 1985, c. 425, § 6.1-194.52; 2010, c. 794.)
