Virginia § 58.1-1212 - (Effective until July 1, 2025) Record of deposits through branches required
Full text of Virginia Code of Virginia § 58.1-1212 — (Effective until July 1, 2025) Record of deposits through branches required, with citation guidance and answers to common questions.
§ 58.1-1212. (Effective until July 1, 2025) Record of deposits through branches required
Each bank in this Commonwealth that has as of the beginning of any tax year a bank located in any county, incorporated town or city other than the county, incorporated town or city wherein such bank's principal office is located, shall maintain a record of the deposits through each such branch as of the beginning of the tax year. Each bank shall also submit to the commissioner of the revenue or other assessing officer of the locality wherein such principal office is located a report of such deposits with the return required under § 58.1-1207.
Code 1950, § 58-485.014; 1980, c. 578; 1984, c. 675.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 58.1-1212
What does Code of Virginia § 58.1-1212 cover?
Section 58.1-1212 ("(Effective until July 1, 2025) Record of deposits through branches required") 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 § 58.1-1212?
A common citation format is "Code of Virginia § 58.1-1212" (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 § 58.1-1212 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.