6.2-1170 - (Effective October 1, 2010) Deposits of federal taxes and U.S. Treasury tax and loan accounts.
§ 6.2-1170. (Effective October 1, 2010) Deposits of federal taxes and U.S.Treasury tax and loan accounts.
Savings institutions may:
1. Serve as depositories for federal taxes and for U.S. Treasury tax and loandeposits;
2. Satisfy any requirements in connection therewith, including maintainingtax and loan accounts and note accounts, as defined by regulations of theU.S. Treasury Department or other federal agency;
3. Pledge collateral; and
4. Satisfy the requirements of the U.S. Treasury Department in connectionwith such deposits.
(1972, c. 796, § 6.1-195.22:2; 1979, c. 77; 1985, c. 425, § 6.1-194.53; 1990,c. 3; 1991, c. 230, § 6.1-194.135; 2010, c. 794.)