Virginia § 21-199 - Bonds constitute legal investments
Full text of Virginia Code of Virginia § 21-199 — Bonds constitute legal investments, with citation guidance and answers to common questions.
§ 21-199. Bonds constitute legal investments
Any bonds issued pursuant to the authority of this chapter are hereby made securities in which all public officers and bodies of this Commonwealth and all political subdivisions thereof, all insurance companies and associations, all savings banks and savings institutions, including savings and loan associations, in the Commonwealth, may properly and legally invest funds in their control.
1938, p. 528; Michie Code 1942, § 1560eee.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 21-199
What does Code of Virginia § 21-199 cover?
Section 21-199 ("Bonds constitute legal investments") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 21-199?
A common citation format is "Code of Virginia § 21-199" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 21-199 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.