Statutes > Virginia Statutes > Title 38.2 - INSURANCE. > Chapter 10 - Organization, Admission and Licensing of Insurers (38.2-1000 thru 38.2-1058) > 38.2-1058 - Felony for State Treasurer to dispose of securities illegally.

38.2-1058 - Felony for State Treasurer to dispose of securities illegally.

§ 38.2-1058. Felony for State Treasurer to dispose of securities illegally.

If the State Treasurer disposes of any securities deposited with him underthis title, other than as provided in this title, he shall be guilty of aClass 3 felony, and, upon conviction, shall be punished by a fine double theamount of the disposed securities.

(Code 1950, § 38-53; 1952, c. 317, § 38.1-122; 1986, c. 562.)