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Virginia Code 6.2-1176 - Accounts of fiduciaries.

Virginia Code > Title 6.2 > Chapter 11 > § 6.2-1176 - Accounts of fiduciaries.

^{Current as of: 2011}

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§ 6.2-1176. Accounts of fiduciaries.

A savings institution may issue accounts in the name of any administrator, executor, custodian, conservator, guardian, trustee, or other fiduciary for a named beneficiary or beneficiaries. The payment of funds from any such account pursuant to a check or other written order of withdrawal signed by the fiduciary, the delivery of funds in such account to such fiduciary, or a receipt signed by any such fiduciary with regard to the payment of funds from such account, shall be a valid and sufficient release and discharge of the institution for the payment or delivery so made.

(1985, c. 425, § 6.1-194.59; 2010, c. 794.)