Virginia Decodedhttps://vacode.org3743336.2-813Participation by banks in school thrift or savings plans2026Financial Institutions and ServicesDepository Institutions and Trust OrganizationsBanksIncorporation and Powers

A bank may contract with the principal of any elementary or secondary school, if authorized to do so by the school board in any locality where the bank has a location, for the bank to participate in a school thrift or savings plan. A participating bank may accept deposits at the school either by its own collector or by any representative of the school who becomes the agent of the bank for such purpose.

Code 1950, § 6-23.1; 1954, c. 160; 1966, c. 584, § 6.1-10; 2010, c. 794.