Virginia § 46.2-456 - Additional security if fund impaired by any legal process, or otherwise
Full text of Virginia Code of Virginia § 46.2-456 — Additional security if fund impaired by any legal process, or otherwise, with citation guidance and answers to common questions.
§ 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.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 46.2-456
What does Code of Virginia § 46.2-456 cover?
Section 46.2-456 ("Additional security if fund impaired by any legal process, or otherwise") 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 § 46.2-456?
A common citation format is "Code of Virginia § 46.2-456" (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 § 46.2-456 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.