This legal document, found in the Code of Virginia under the section for Financial Institutions and Services, pertains to banks operating in the Commonwealth. It grants banks the authority to accept drafts or bills of exchange drawn upon them by their customers, with a time limit not exceeding six months. Additionally, banks are allowed to issue letters of credit, subject to terms and conditions determined by the bank, which authorize the holders to draw drafts upon the bank or its correspondent.

Any officer, employee, agent, or director of a bank who (i) certifies a check drawn on such bank and willfully fails forthwith to charge the amount thereof against the account of the drawer thereof or (ii) willfully certifies a check drawn on such bank when the drawer of such check does not have on deposit with the bank the amount of money subject to the payment of such check, is guilty of a Class 1 misdemeanor.

This legal provision, found in the Code of Virginia under the section governing Banks, pertains to any officer, director, or employee of a bank or broker. It states that if such an individual knowingly takes and receives a deposit from any person while being aware that the bank or broker is insolvent, they are guilty of embezzlement. The penalty for embezzlement under this section is a fine of double the amount received and a prison term of not less than one nor more than three years, as determined by the jury.

This legal document provides definitions for terms related to child abuse and neglect. It defines an abused or neglected child as any child less than 18 years of age who meets certain criteria, including physical or mental injury, neglect, abandonment, sexual exploitation, or being a victim of sex trafficking. The document also includes exemptions for children under spiritual treatment and parents refusing medical treatment for a child with a life-threatening condition under specific conditions.

This legal document governs the protection of aged or incapacitated adults and the reporting of suspected abuse, neglect, or exploitation. It applies to various individuals, including licensed, certified, or registered health professionals, mental health services providers, emergency medical services providers, guardians or conservators of an adult, persons employed by or contracted with agencies or facilities, persons providing care to adults for compensation, law-enforcement officers, persons who engage in behavior analysis, and financial institution staff.

This title may be cited as Uniform Commercial Code – Negotiable Instruments. 1964, c. 219, 8.3-101; 1992, c. 693.

This legal document governs the medium and time of settlement by a bank. It applies to banks and persons involved in settlement transactions. The document states that the medium and time of settlement may be prescribed by Federal Reserve regulations, clearing-house rules, or agreements. In the absence of such prescription, the medium of settlement is cash or credit to an account in a Federal Reserve bank or specified by the person receiving settlement.

This legal document, part of the Code of Virginia’s Commercial Code - Bank Deposits and Collections, governs the final payment of an item by a payor bank, the timing at which provisional debits and credits become final, and the availability of certain credits for withdrawal. It outlines that an item is finally paid by a payor bank when it is paid in cash, settled without the right to revoke the settlement, or provisionally settled and not revoked within the permitted time.

This legal document, part of the Code of Virginia’s Commercial Code - Bank Deposits and Collections, governs the actions and responsibilities of payor banks in relation to demand items. It outlines the conditions under which a payor bank can settle for a demand item, the rights of the payor bank to revoke the settlement and recover the payment, and the time limits and procedures for returning items or sending notice of dishonor.

This legal document, part of the Commercial Code Bank Deposits and Collections under the Code of Virginia, governs the treatment of items subject to notice, stop-payment order, legal process, or setoff by payor banks. It specifies that any knowledge, notice, stop-payment order, or legal process received or served by the bank comes too late to terminate, suspend, or modify the bank’s right or duty to pay an item or charge the customer’s account if certain conditions are met.