Any multiple-fiduciary account may be paid, on request, (i) to any one or more fiduciaries, including any successor fiduciary upon proof showing that the successor fiduciary is duly authorized to act, or (ii) at the direction of any one or more of the fiduciaries. In determining the trustees duly authorized to act, the financial institution may rely on a certification of trust provided pursuant to § 64.2-804.
2020, c. 259.
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