Virginia § 21-397 - Interest and maturity of bonds
Full text of Virginia Code of Virginia § 21-397 — Interest and maturity of bonds, with citation guidance and answers to common questions.
§ 21-397. Interest and maturity of bonds
The bonds shall bear not more than six per centum interest per annum payable semiannually, and shall be paid within thirty years, the first installment of principal shall mature at the expiration of three years from the date of issue.
Code 1919, § 1774; 1920, p. 612; 1926, p. 623.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 21-397
What does Code of Virginia § 21-397 cover?
Section 21-397 ("Interest and maturity of bonds") 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 § 21-397?
A common citation format is "Code of Virginia § 21-397" (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 § 21-397 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.