# Va. Code Ann. § 38.2-1221: Deposit instead of bond

> Virginia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1221

## Section

- **Citation:** Va. Code Ann. § 38.2-1221
- **Heading:** Deposit instead of bond
- **Jurisdiction:** Virginia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Virginia Code / Title 38.2 / Chapter 12 / Article 2 / Section 38.2-1221

## Text

Instead of filing the bond required by § 38.2-1220 , the attorney may maintain on deposit with the State Treasurer an equal amount in cash or in value of securities of the kind specified in § 38.2-1045 , subject to the same conditions as the bond.

1952, c. 317, § 38.1-711; 1986, c. 562.

## Nearby sections

- [Va. Code Ann. § 38.2-1219 Organization of reciprocals; what declaration to contain](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1219.md)
- [Va. Code Ann. § 38.2-1220 Attorney to file bond](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1220.md)
- [Va. Code Ann. § 38.2-1221 Deposit instead of bond](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1221.md)
- [Va. Code Ann. § 38.2-1222 Subscribers' advisory committee](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1222.md)
- [Va. Code Ann. § 38.2-1223 Subscriber's agreement and power of attorney](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1223.md)
- [Va. Code Ann. § 38.2-1224 Modification of power of attorney and subscriber's agreement](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1224.md)
- [Va. Code Ann. § 38.2-1225 Contributions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1225.md)
- [Va. Code Ann. § 38.2-1226 Assessments](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1226.md)
- [Va. Code Ann. § 38.2-1227 Time limit for assessment](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1227.md)
- [Va. Code Ann. § 38.2-1228 Subscribers' share in assets](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1228.md)
- [Va. Code Ann. § 38.2-1229 Impaired reciprocals](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1229.md)
- [Va. Code Ann. § 38.2-1230 Material transactions](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1230.md)
- [Va. Code Ann. § 38.2-1231 Attorney's financial statement](https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1231.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_VA_T38.2_C12_A2_S38.2-1221. Check the current official text before relying on it. Not legal advice.