CODE OF VIRGINIA

PAYMENT OF P.O.D. ACCOUNT (§ 6.2-614)

Any P.O.D. account may be paid, on request, to any original party to the
account. Payment may be made, on request, to the P.O.D. payee or to the personal
representative or heirs of a deceased P.O.D. payee under the Virginia Small
Estate Act (§ 64.2-600 et seq.) upon presentation to the financial institution
of proof of death showing that the P.O.D. payee survived all persons named as
original payees. Payment may be made to the personal representative or heirs of
a deceased original payee under the Virginia Small Estate Act (§ 64.2-600 et
seq.) if proof of death is presented to the financial institution showing that
his decedent was the survivor of all other persons named on the account either
as an original payee or as P.O.D. payee.

HISTORY: 1979, c. 407, § 6.1-125.11; 2010, cc. 269, 794.