{"law_id":"775473","section_number":"6.2-1178","catch_line":"Accounts held by various trustees for same beneficiary","history":"Code 1950, \u00a7 6-201.22:1; 1966, cc. 219, 584, \u00a7 6.1-149.1; 1972, c. 796, \u00a7 6.1-195.24; 1985, c. 425, \u00a7 6.1-194.61; 2010, c. 794.","order_by":null,"metadata":false,"court_decisions":{},"official_url":"http:\/\/law.lis.virginia.gov\/vacode\/6.2-1178\/","refers_to":false,"url":"\/6.2-1178\/","token":"6.2\/II\/11\/6\/6.2-1178","structure":{"1":{"id":"2699","name":"Accounts.","identifier":"6","label":"article","url":"\/6.2\/II\/11\/6\/"},"2":{"id":"646","name":"Savings Institutions","identifier":"11","label":"chapter","url":"\/6.2\/II\/11\/"},"3":{"id":"333","name":"Depository Institutions And Trust Organizations","identifier":"II","label":"subtitle","url":"\/6.2\/II\/"},"4":{"id":"332","name":"Financial Institutions And Services","identifier":"6.2","label":"title","url":"\/6.2\/"}},"referred_to_by":false,"edition_id":"11","section_id":"775473","structure_id":"2699","full_text":"Whenever trust interests or accounts are created for the same beneficiary, and each interest or account is in the name of a separate and distinct trustee or combination of trustees, each trust interest or account shall constitute a separate, distinct, and valid trust entity for all purposes.","text":{"0":{"id":"2500531","text":"Whenever trust interests or accounts are created for the same beneficiary, and each interest or account is in the name of a separate and distinct trustee or combination of trustees, each trust interest or account shall constitute a separate, distinct, and valid trust entity for all purposes.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":{"1":{"id":"2699","name":"Accounts.","identifier":"6","label":"article","url":"\/6.2\/II\/11\/6\/"},"2":{"id":"646","name":"Savings Institutions","identifier":"11","label":"chapter","url":"\/6.2\/II\/11\/"},"3":{"id":"333","name":"Depository Institutions And Trust Organizations","identifier":"II","label":"subtitle","url":"\/6.2\/II\/"},"4":{"id":"332","name":"Financial Institutions And Services","identifier":"6.2","label":"title","url":"\/6.2\/"}},"structure_contents":{"0":{"id":"791276","structure_id":"2699","section_number":"6.2-1166","catch_line":"Accounts of state savings institutions","url":"\/6.2-1166\/","token":"6.2\/II\/11\/6\/6.2-1166"},"1":{"id":"792135","structure_id":"2699","section_number":"6.2-1167","catch_line":"Rules governing withdrawal","url":"\/6.2-1167\/","token":"6.2\/II\/11\/6\/6.2-1167"},"2":{"id":"773807","structure_id":"2699","section_number":"6.2-1168","catch_line":"Redemption","url":"\/6.2-1168\/","token":"6.2\/II\/11\/6\/6.2-1168"},"3":{"id":"776586","structure_id":"2699","section_number":"6.2-1169","catch_line":"Accounts of savings institutions as legal investments and as security","url":"\/6.2-1169\/","token":"6.2\/II\/11\/6\/6.2-1169"},"4":{"id":"785902","structure_id":"2699","section_number":"6.2-1170","catch_line":"Deposits of federal taxes and U.S. Treasury tax and loan accounts","url":"\/6.2-1170\/","token":"6.2\/II\/11\/6\/6.2-1170"},"5":{"id":"792667","structure_id":"2699","section_number":"6.2-1171","catch_line":"Accounts under federal Self-Employed Individuals Tax Retirement Act and federal Employee Retirement Income Security Act of 1974 (P.L. 93-406, 88 Stat. 829)","url":"\/6.2-1171\/","token":"6.2\/II\/11\/6\/6.2-1171"},"6":{"id":"772520","structure_id":"2699","section_number":"6.2-1172","catch_line":"Accounts issued in name of minor","url":"\/6.2-1172\/","token":"6.2\/II\/11\/6\/6.2-1172"},"7":{"id":"795435","structure_id":"2699","section_number":"6.2-1173","catch_line":"Powers of attorney on accounts","url":"\/6.2-1173\/","token":"6.2\/II\/11\/6\/6.2-1173"},"8":{"id":"793767","structure_id":"2699","section_number":"6.2-1174","catch_line":"Accounts of deceased or incompetent persons","url":"\/6.2-1174\/","token":"6.2\/II\/11\/6\/6.2-1174"},"9":{"id":"770322","structure_id":"2699","section_number":"6.2-1175","catch_line":"Repealed","url":"\/6.2-1175\/","token":"6.2\/II\/11\/6\/6.2-1175"},"10":{"id":"790041","structure_id":"2699","section_number":"6.2-1176","catch_line":"Accounts of fiduciaries","url":"\/6.2-1176\/","token":"6.2\/II\/11\/6\/6.2-1176"},"11":{"id":"771519","structure_id":"2699","section_number":"6.2-1177","catch_line":"Savings institution need not inquire as to fiduciary funds deposited in fiduciary's personal account","url":"\/6.2-1177\/","token":"6.2\/II\/11\/6\/6.2-1177"},"12":{"id":"775473","structure_id":"2699","section_number":"6.2-1178","catch_line":"Accounts held by various trustees for same beneficiary","url":"\/6.2-1178\/","token":"6.2\/II\/11\/6\/6.2-1178"}},"previous_section":{"id":"771519","structure_id":"2699","section_number":"6.2-1177","catch_line":"Savings institution need not inquire as to fiduciary funds deposited in fiduciary's personal account","url":"\/6.2-1177\/","token":"6.2\/II\/11\/6\/6.2-1177"},"references":false,"formats":{"txt":"\/6.2-1178.txt","json":"\/6.2-1178.json","xml":"\/6.2-1178.xml"},"dublin_core":{"Title":"Accounts held by various trustees for same beneficiary","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1178","Relation":"Code of Virginia"},"plain_text":"                                 CODE OF VIRGINIA\n\nACCOUNTS HELD BY VARIOUS TRUSTEES FOR SAME BENEFICIARY (\u00a7 6.2-1178)\n\nWhenever trust interests or accounts are created for the same beneficiary, and\neach interest or account is in the name of a separate and distinct trustee or\ncombination of trustees, each trust interest or account shall constitute a\nseparate, distinct, and valid trust entity for all purposes.\n\nHISTORY: Code 1950, \u00a7 6-201.22:1; 1966, cc. 219, 584, \u00a7 6.1-149.1; 1972, c.\n796, \u00a7 6.1-195.24; 1985, c. 425, \u00a7 6.1-194.61; 2010, c. 794."}