CHAPTER 23

An Act to amend and reenact § 2-182 of the Code of Virginia, relating to
ie E prone of securities held by another bank for a depository

[H 94]
Approved February 11, 1958

Be it enacted by the General Assembly of Virginia:
— That § 2-182 of the Code of Virginia be amended and reenacted as
ollows :

_ § 2-182. The State Treasurer may, in his discretion * , instead of re-
quiring the actual delivery to him of the securities above enumerated, take
from any such bank an order duly executed by and under the seal of the
bank, directed to any bank either in the State of Virginia or without the
State, directing and authorizing the latter bank to segregate such securi-
ties as shall be designated in the order and belonging to the former bank,
from other securities which the latter bank may hold, and to hold such
securities until released by the State Treasurer, or his duly authorized
deputy, upon the same condition and trust for the protection and indemnity
of the State stipulated above in relation to the bond to be given under
§ 2-179; provided the State Treasurer shall in each case first satisfy him-
self that such securities belonging to the former bank are held by the latter
bank, and shall secure from the bank holding such securities an agreement
to so hold such designated securities subject to and upon the conditions
herein set forth. The State Treasurer shall have the privilege of examining
these securities at his option and discretion and at the expense of the
owners.