{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-602.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-602.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-602.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-602.html"}],"law_id":59315,"edition_id":1,"section_id":59315,"structure_id":13917,"section_number":"6.2-602","catch_line":"Adverse claims to accounts","history":"1996, c. 963, \u00a7 6.1-2.9:7; 2010, c. 794.","full_text":"A\n\nNotice to any financial institution doing business in the Commonwealth of an adverse claim to funds in an account with such institution shall not require the institution to recognize the adverse claim unless the adverse claimant shall either:1\n\nProcure a restraining order, injunction, or other appropriate order against the financial institution from an appropriate court; or2\n\nExecute to such financial institution, in form and with sureties acceptable to it, a bond indemnifying the institution from any and all liability, loss, damage, costs, and expenses, for and on account of the payment or recognition of such adverse claim, or the dishonor of, or failure to pay, any check, or failure to comply with any other order, of the person to whose credit the account is held.B\n\nThis section shall not affect the provisions of Article 2 (§ 6.2-604 et seq.) of this chapter governing multiple-party accounts, and any claim by a party to such account shall be determined in accordance with the provisions therein.C\n\nThis section shall not affect any notice of lien pursuant to § 8.01-502, any order of an appropriate court, or the issuance of a notice or other action issued by a state or federal governmental agency.","order_by":null,"text":{"0":{"id":217403,"text":"Notice to any financial institution doing business in the Commonwealth of an adverse claim to funds in an account with such institution shall not require the institution to recognize the adverse claim unless the adverse claimant shall either:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":217404,"text":"Procure a restraining order, injunction, or other appropriate order against the financial institution from an appropriate court; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":217405,"text":"Execute to such financial institution, in form and with sureties acceptable to it, a bond indemnifying the institution from any and all liability, loss, damage, costs, and expenses, for and on account of the payment or recognition of such adverse claim, or the dishonor of, or failure to pay, any check, or failure to comply with any other order, of the person to whose credit the account is held.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":217406,"text":"This section shall not affect the provisions of Article 2 (§ 6.2-604 et seq.) of this chapter governing multiple-party accounts, and any claim by a party to such account shall be determined in accordance with the provisions therein.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"4":{"id":217407,"text":"This section shall not affect any notice of lien pursuant to § 8.01-502, any order of an appropriate court, or the issuance of a notice or other action issued by a state or federal governmental agency.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B"}},"ancestry":[{"id":13917,"edition_id":1,"name":"General Provisions","identifier":"1","label":"article","depth":4,"order_by":1,"parent_id":13916,"metadata":{},"date_created":"2026-06-26 03:46:17","date_modified":"2026-06-26 03:46:17","permalink":{"id":264903,"object_type":"structure","relational_id":13917,"identifier":"1","token":"6.2\/II\/6\/1","url":"\/6.2\/II\/6\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13916,"edition_id":1,"name":"Deposits and Accounts","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":13000,"metadata":{},"date_created":"2026-06-26 03:46:17","date_modified":"2026-06-26 03:46:17","permalink":{"id":264901,"object_type":"structure","relational_id":13916,"identifier":"6","token":"6.2\/II\/6","url":"\/6.2\/II\/6\/","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":63287,"structure_id":13917,"section_number":"6.2-600","catch_line":"Repealed","url":"\/6.2-600\/","token":"6.2\/II\/6\/1\/6.2-600","metadata":false},{"id":71552,"structure_id":13917,"section_number":"6.2-601","catch_line":"Federal insurance of deposits required for all banks or savings institutions","url":"\/6.2-601\/","token":"6.2\/II\/6\/1\/6.2-601","metadata":false},{"id":59315,"structure_id":13917,"section_number":"6.2-602","catch_line":"Adverse claims to accounts","url":"\/6.2-602\/","token":"6.2\/II\/6\/1\/6.2-602","metadata":false},{"id":67162,"structure_id":13917,"section_number":"6.2-603","catch_line":"Medical savings accounts and health savings accounts","url":"\/6.2-603\/","token":"6.2\/II\/6\/1\/6.2-603","metadata":false},{"id":54965,"structure_id":13917,"section_number":"6.2-603.1","catch_line":"Savings promotions","url":"\/6.2-603.1\/","token":"6.2\/II\/6\/1\/6.2-603.1","metadata":false}],"previous_section":{"id":71552,"structure_id":13917,"section_number":"6.2-601","catch_line":"Federal insurance of deposits required for all banks or savings institutions","url":"\/6.2-601\/","token":"6.2\/II\/6\/1\/6.2-601","metadata":false},"next_section":{"id":67162,"structure_id":13917,"section_number":"6.2-603","catch_line":"Medical savings accounts and health savings accounts","url":"\/6.2-603\/","token":"6.2\/II\/6\/1\/6.2-603","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-602\/","history_text":"

This law was first created in 1996. The record of its establishment is cataloged in chapter 963<\/a> 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. It has been modified 1 time. 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. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":[{"id":83499,"section_number":"6.2-604","catch_line":"Definitions","order_by":null,"url":"\/6.2-604\/"},{"id":76964,"section_number":"8.01-502","catch_line":"Person paying debtor not affected by lien unless notice given","order_by":null,"url":"\/8.01-502\/"}],"permalink":{"id":264913,"object_type":"law","relational_id":59315,"identifier":"6.2-602","token":"6.2\/II\/6\/1\/6.2-602","url":"\/6.2-602\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-602\/","token":"6.2\/II\/6\/1\/6.2-602","dublin_core":{"Title":"Adverse claims to accounts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-602","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Notice to any financial institution<\/span> doing business in the Commonwealth of an adverse claim to funds in an account with such institution shall not require the institution to recognize the adverse claim unless the adverse claimant shall either: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Procure a restraining order<\/span>, injunction<\/span>, or other appropriate order<\/span> against the financial institution<\/span> from an appropriate court<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Execute to such financial institution<\/span>, in form and with sureties acceptable to it, a bond<\/span> indemnifying the institution from any and all liability, loss, damage, costs, and expenses, for and on account of the payment or recognition of such adverse claim, or the dishonor of, or failure to pay, any check, or failure to comply with any other order<\/span>, of the person<\/span> to whose credit the account is held. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> This section shall not affect the provisions of Article 2 (§ 6.2-604<\/a> et seq.) of this chapter governing multiple-party<\/span> accounts, and any claim by a party<\/span> to such account shall be determined in accordance with the provisions therein. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> This section shall not affect any notice of lien<\/span> pursuant to § 8.01-502<\/a>, any order<\/span> of an appropriate court<\/span>, or the issuance of a notice or other action issued by a state or federal governmental agency. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nADVERSE CLAIMS TO ACCOUNTS (\u00a7 6.2-602)\n\nA. Notice to any financial institution doing business in the Commonwealth of an\nadverse claim to funds in an account with such institution shall not require the\ninstitution to recognize the adverse claim unless the adverse claimant shall\neither:\n\n 1. Procure a restraining order, injunction, or other appropriate order against\n the financial institution from an appropriate court; or\n\n 2. Execute to such financial institution, in form and with sureties acceptable\n to it, a bond indemnifying the institution from any and all liability, loss,\n damage, costs, and expenses, for and on account of the payment or recognition\n of such adverse claim, or the dishonor of, or failure to pay, any check, or\n failure to comply with any other order, of the person to whose credit the\n account is held.\n\nB. This section shall not affect the provisions of Article 2 (§ 6.2-604 et\nseq.) of this chapter governing multiple-party accounts, and any claim by a\nparty to such account shall be determined in accordance with the provisions\ntherein.\n\nC. This section shall not affect any notice of lien pursuant to § 8.01-502,\nany order of an appropriate court, or the issuance of a notice or other action\nissued by a state or federal governmental agency.\n\nHISTORY: 1996, c. 963, \u00a7 6.1-2.9:7; 2010, 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}}