§ 46.2-456. Additional security if fund impaired by any legal process, or otherwise
Whenever the moneys or securities are subjected to attachment, garnishment, execution, or other legal process or are otherwise depleted or threatened with depletion or impairment in amount or value the depositor must immediately furnish additional moneys or securities, free from lien, claim, or threat of impairment, in sufficient amount or value fully to comply with the requirements of this chapter.
The Treasurer shall notify the Commissioner promptly of any depletion, impairment, or decrease or of any legal threat of depletion, impairment, or decrease in the value of the securities or in the moneys on deposit with him under the provisions of this chapter.
(Code 1950, § 46-476; 1958, c. 541, § 46.1-487; 1989, c. 727.)
Sections: Previous 46.2-449 46.2-450 46.2-451 46.2-452 46.2-453 46.2-454 46.2-455 46.2-456 46.2-457 46.2-458 46.2-459 46.2-460 46.2-461 46.2-462 46.2-463 NextLast modified: April 3, 2009