The provisions of § 6.2-608 as to rights of survivorship are determined by the form of the account at the death of a party. This form may be altered by written order given by a party to the financial institution to change the form of the account or to stop or vary payment under the terms of the account. The order or request shall be signed by a party, received by the financial institution during the party's lifetime, and not countermanded by other written order of the same party during his lifetime.
1979, c. 407, § 6.1-125.6; 2010, c. 794.
Structure Code of Virginia
Title 6.2 - Financial Institutions and Services
Chapter 6 - Deposits and Accounts
§ 6.2-601. Federal insurance of deposits required for all banks or savings institutions
§ 6.2-602. Adverse claims to accounts
§ 6.2-603. Medical savings accounts and health savings accounts
§ 6.2-603.1. Savings promotions
§ 6.2-606. Ownership during lifetime; garnishment, attachment, or levy
§ 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