Multiple-Party Accounts

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This is Article 2 of the Code of Virginia, titled “Multiple-Party Accounts.” It is part of Chapter 6 “Deposits and Accounts”, which is part of Subtitle II “Depository Institutions and Trust Organizations”, which is part of Title 6.2 “Financial Institutions and Services”.

It’s comprised of the following 18 sections.

§ 6.2-604 Definitions
§ 6.2-605 Applicability
§ 6.2-606 Ownership during lifetime; garnishment, attachment, or levy
§ 6.2-607 Effect of divorce
§ 6.2-608 Right of survivorship
§ 6.2-609 Change of form of account upon written order to financial institution
§ 6.2-610 Transfers arising from right of survivorship nontestamentary
§ 6.2-611 Liability of surviving party for debts and other liabilities of decedent's estate
§ 6.2-612 Financial institution duties; multiple-party accounts; multiple-fiduciary accounts
§ 6.2-613 Payment of sums in joint account
§ 6.2-614 Payment of P.O.D. account
§ 6.2-615 Payment of trust account
§ 6.2-615.1 Payment of multiple-fiduciary account
§ 6.2-616 Discharge of financial institution upon payment
§ 6.2-617 Setoff by financial institution against account
§ 6.2-618 Identification of joint accounts
§ 6.2-619 Certain duties of parties to joint accounts in financial institutions
§ 6.2-620 Application of article to accounts existing on July 1, 1980