Virginia § 58.1-3161 - Interest on deposits
Full text of Virginia Code of Virginia § 58.1-3161 — Interest on deposits, with citation guidance and answers to common questions.
§ 58.1-3161. Interest on deposits
Each depository of each county shall, in the discretion of the county finance board, pay interest on money deposited under the provisions of this article. The rate of such interest shall be agreed upon by the treasurer and the depository subject to the approval of the county finance board if it so desires.
Code 1950, § 58-950; 1984, c. 675.
Frequently Asked Questions About Virginia § 58.1-3161
What does Code of Virginia § 58.1-3161 cover?
Section 58.1-3161 ("Interest on deposits") 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 § 58.1-3161?
A common citation format is "Code of Virginia § 58.1-3161" (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 § 58.1-3161 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.