Code of Virginia (Last Updated:July 28, 2020) |
TITLE 6.2. Financial Institutions and Services |
SUBTITLE I. General Provisions |
CHAPTER 2. Money and Currency |
ARTICLE 2. Currency Issuance and Circulation |
SECTION 6.2-202. Issuance of currency and related prohibited acts |
A. No individual or entity, unless authorized by law, shall: 1. Issue any note, bill, scrip, or other paper or thing with intent that the same be circulated as currency; or 2. Otherwise deal, trade, or carry on business as a bank of circulation. B. All contracts made for forming any entity to engage in any activity prohibited by subsection A shall be void. 1987, c. 622, § 6.1-330.52; 2010, c. 794 . |