Virginia Code 38.2-1058: Felony for State Treasurer to dispose of securities illegally.
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If the State Treasurer disposes of any securities deposited with him under this title, other than as provided in this title, he shall be guilty of a Class 3 felony, and, upon conviction, shall be punished by a fine double the amount of the disposed securities.
Attorney's Note
Under the Virginia Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class 3 felony | 5 to 20 years | up to $100,000 |
Terms Used In Virginia Code 38.2-1058
- Conviction: A judgement of guilt against a criminal defendant.
- State: means any commonwealth, state, territory, district or insular possession of the United States. See Virginia Code 38.2-100
Code 1950, § 38-53; 1952, c. 317, § 38.1-122; 1986, c. 562.