{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-1365.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-1365.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-1365.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-1365.html"}],"law_id":74989,"edition_id":1,"section_id":74989,"structure_id":13647,"section_number":"6.2-1365","catch_line":"Accounts of deceased or incapacitated person","history":"1968, c. 560, \u00a7 6.1-208.3; 1990, c. 373, \u00a7 6.1-225.48; 1997, c. 801; 2010, c. 794.","full_text":"A\n\nA credit union may pay any share balance due a deceased person or any person under a disability to the personal representative, guardian, conservator, curator, or committee of such person upon proper proof of the appointment and qualification of such fiduciary. Such qualification shall be sufficient authority for making such payment. A credit union making such payment shall no longer be liable for the amount so paid to any person. The presentation of a duly certified letter or certificate of qualification as personal representative, or other fiduciary, guardian, conservator, curator, or committee shall be conclusive proof of the jurisdiction of the court issuing the same.B\n\nA credit union that has received no written notice and does not have actual notice that a member is deceased or has been adjudicated incapacitated, may pay or deliver shares in such member’s account in accordance with the provisions of the account contract without liability to any person for the amounts so paid.","order_by":null,"text":{"0":{"id":269386,"text":"A credit union may pay any share balance due a deceased person or any person under a disability to the personal representative, guardian, conservator, curator, or committee of such person upon proper proof of the appointment and qualification of such fiduciary. Such qualification shall be sufficient authority for making such payment. A credit union making such payment shall no longer be liable for the amount so paid to any person. The presentation of a duly certified letter or certificate of qualification as personal representative, or other fiduciary, guardian, conservator, curator, or committee shall be conclusive proof of the jurisdiction of the court issuing the same.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":269387,"text":"A credit union that has received no written notice and does not have actual notice that a member is deceased or has been adjudicated incapacitated, may pay or deliver shares in such member’s account in accordance with the provisions of the account contract without liability to any person for the amounts so paid.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13647,"edition_id":1,"name":"Accounts","identifier":"8","label":"article","depth":4,"order_by":1,"parent_id":13635,"metadata":{},"date_created":"2026-06-26 03:45:28","date_modified":"2026-06-26 03:45:28","permalink":{"id":264821,"object_type":"structure","relational_id":13647,"identifier":"8","token":"6.2\/II\/13\/8","url":"\/6.2\/II\/13\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13635,"edition_id":1,"name":"Credit Unions","identifier":"13","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:45:26","date_modified":"2026-06-26 03:45:26","permalink":{"id":264545,"object_type":"structure","relational_id":13635,"identifier":"13","token":"6.2\/II\/13","url":"\/6.2\/II\/13\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13000,"edition_id":1,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12852,"metadata":{},"date_created":"2026-06-26 03:44:07","date_modified":"2026-06-26 03:44:07","permalink":{"id":263685,"object_type":"structure","relational_id":13000,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12852,"edition_id":1,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:56","date_modified":"2026-06-26 03:43:56","permalink":{"id":263249,"object_type":"structure","relational_id":12852,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":54619,"structure_id":13647,"section_number":"6.2-1358","catch_line":"Share accounts","url":"\/6.2-1358\/","token":"6.2\/II\/13\/8\/6.2-1358","metadata":false},{"id":56262,"structure_id":13647,"section_number":"6.2-1359","catch_line":"Payment for shares; transfers; lien on shares","url":"\/6.2-1359\/","token":"6.2\/II\/13\/8\/6.2-1359","metadata":false},{"id":66098,"structure_id":13647,"section_number":"6.2-1360","catch_line":"Dividends","url":"\/6.2-1360\/","token":"6.2\/II\/13\/8\/6.2-1360","metadata":false},{"id":76027,"structure_id":13647,"section_number":"6.2-1361","catch_line":"Ascertaining value of assets","url":"\/6.2-1361\/","token":"6.2\/II\/13\/8\/6.2-1361","metadata":false},{"id":77351,"structure_id":13647,"section_number":"6.2-1362","catch_line":"Minors' accounts","url":"\/6.2-1362\/","token":"6.2\/II\/13\/8\/6.2-1362","metadata":false},{"id":78357,"structure_id":13647,"section_number":"6.2-1363","catch_line":"Individual retirement accounts and retirement or pension plans","url":"\/6.2-1363\/","token":"6.2\/II\/13\/8\/6.2-1363","metadata":false},{"id":78569,"structure_id":13647,"section_number":"6.2-1364","catch_line":"Acceptance of money under Virginia Uniform Transfers to Minors Act","url":"\/6.2-1364\/","token":"6.2\/II\/13\/8\/6.2-1364","metadata":false},{"id":74989,"structure_id":13647,"section_number":"6.2-1365","catch_line":"Accounts of deceased or incapacitated person","url":"\/6.2-1365\/","token":"6.2\/II\/13\/8\/6.2-1365","metadata":false},{"id":73218,"structure_id":13647,"section_number":"6.2-1366","catch_line":"Repealed","url":"\/6.2-1366\/","token":"6.2\/II\/13\/8\/6.2-1366","metadata":false},{"id":64186,"structure_id":13647,"section_number":"6.2-1367","catch_line":"Application of provisions to federal credit unions","url":"\/6.2-1367\/","token":"6.2\/II\/13\/8\/6.2-1367","metadata":false},{"id":71854,"structure_id":13647,"section_number":"6.2-1368","catch_line":"Accounts of fiduciaries","url":"\/6.2-1368\/","token":"6.2\/II\/13\/8\/6.2-1368","metadata":false},{"id":80853,"structure_id":13647,"section_number":"6.2-1369","catch_line":"Credit union need not inquire as to fiduciary funds used to purchase shares in fiduciary's personal account","url":"\/6.2-1369\/","token":"6.2\/II\/13\/8\/6.2-1369","metadata":false}],"previous_section":{"id":78569,"structure_id":13647,"section_number":"6.2-1364","catch_line":"Acceptance of money under Virginia Uniform Transfers to Minors Act","url":"\/6.2-1364\/","token":"6.2\/II\/13\/8\/6.2-1364","metadata":false},"next_section":{"id":73218,"structure_id":13647,"section_number":"6.2-1366","catch_line":"Repealed","url":"\/6.2-1366\/","token":"6.2\/II\/13\/8\/6.2-1366","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-1365\/","history_text":"

This law was first created in 1968. The record of its establishment is cataloged in chapter 560 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1968 \u201cActs\u201d aren\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1990, chapter 373; in 1997, chapter 801<\/a>; in 2010, chapter 794<\/a>.<\/p>","references":[{"id":64186,"section_number":"6.2-1367","catch_line":"Application of provisions to federal credit unions","order_by":null,"url":"\/6.2-1367\/"}],"refers_to":false,"permalink":{"id":264851,"object_type":"law","relational_id":74989,"identifier":"6.2-1365","token":"6.2\/II\/13\/8\/6.2-1365","url":"\/6.2-1365\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-1365\/","token":"6.2\/II\/13\/8\/6.2-1365","dublin_core":{"Title":"Accounts of deceased or incapacitated person","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-1365","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> A credit union<\/span> may pay any share balance due a deceased person<\/span> or any person<\/span> under a disability to the personal representative, guardian, conservator, curator, or committee of such person<\/span> upon proper proof of the appointment and qualification of such fiduciary. Such qualification shall be sufficient authority for making such payment. A credit union<\/span> making such payment shall no longer be liable for the amount so paid to any person<\/span>. The presentation of a duly certified letter or certificate of qualification as personal representative, or other fiduciary, guardian, conservator, curator, or committee shall be conclusive proof of the jurisdiction<\/span> of the court<\/span> issuing the same. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A credit union<\/span> that has received no written notice and does not have actual notice that a member<\/span> is deceased or has been adjudicated incapacitated, may pay or deliver shares<\/span> in such member<\/span>’s account in accordance with the provisions of the account contract<\/span> without liability to any person<\/span> for the amounts so paid. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nACCOUNTS OF DECEASED OR INCAPACITATED PERSON (\u00a7 6.2-1365)\n\nA. A credit union may pay any share balance due a deceased person or any person\nunder a disability to the personal representative, guardian, conservator,\ncurator, or committee of such person upon proper proof of the appointment and\nqualification of such fiduciary. Such qualification shall be sufficient\nauthority for making such payment. A credit union making such payment shall no\nlonger be liable for the amount so paid to any person. The presentation of a\nduly certified letter or certificate of qualification as personal\nrepresentative, or other fiduciary, guardian, conservator, curator, or committee\nshall be conclusive proof of the jurisdiction of the court issuing the same.\n\nB. A credit union that has received no written notice and does not have actual\nnotice that a member is deceased or has been adjudicated incapacitated, may pay\nor deliver shares in such member’s account in accordance with the\nprovisions of the account contract without liability to any person for the\namounts so paid.\n\nHISTORY: 1968, c. 560, \u00a7 6.1-208.3; 1990, c. 373, \u00a7 6.1-225.48; 1997, c. 801;\n2010, c. 794.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}