{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/6.2-618.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/6.2-618.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/6.2-618.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/6.2-618.html"}],"law_id":55925,"edition_id":1,"section_id":55925,"structure_id":14507,"section_number":"6.2-618","catch_line":"Identification of joint accounts","history":"1979, c. 407, \u00a7 6.1-125.15; 1999, c. 125; 2010, c. 794; 2013, c. 70.","full_text":"A\n\nEvery financial institution in the Commonwealth offering joint accounts to its depositors shall either:1\n\nUse two separate forms for the creation of joint accounts, one of which shall be clearly labeled “JOINT ACCOUNT WITH SURVIVORSHIP” and the other of which shall be clearly labeled “JOINT ACCOUNT — NO SURVIVORSHIP,” provided that a financial institution electing to use separate forms is not required to maintain both forms or make both forms available to persons opening joint accounts and may, in its discretion, elect to make one or both forms available to persons opening joint accounts; or2\n\nUse one form for the creation of such accounts that shall contain the two labels “JOINT ACCOUNT WITH SURVIVORSHIP” and “JOINT ACCOUNT — NO SURVIVORSHIP,” with appropriate blank space or lines beside such labels for the parties to sign in order to indicate the type of account desired, which signature requirement shall be in addition to any signature verification form.B\n\nThe forms provided for in subdivision A 1 may be identical in all respects except for the labels therein specified. This section shall not be construed to prevent any financial institution from changing from one method of identification to the other method of identification at any time, nor to require a financial institution making such a change to make any changes to the forms of its existing accounts.C\n\nThe forms described in subsection A shall include disclosures to inform persons opening joint accounts of the disposition of such accounts upon a party’s death. Disclosures in a form substantially similar to the following shall satisfy the requirements of this section:\n\t\t\tJoint Account With Survivorship — On the death of a party to the account, the deceased party’s ownership in the account passes to the surviving party or parties to the account.\n\t\t\tJoint Account — No Survivorship — On the death of a party to the account, the deceased party’s ownership in the account passes as a part of the party’s estate under the party’s will, trust, or by intestacy.D\n\nThis section is not applicable to joint accounts created before July 1, 1980.","order_by":null,"text":{"0":{"id":204880,"text":"Every financial institution in the Commonwealth offering joint accounts to its depositors shall either:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":204881,"text":"Use two separate forms for the creation of joint accounts, one of which shall be clearly labeled “JOINT ACCOUNT WITH SURVIVORSHIP” and the other of which shall be clearly labeled “JOINT ACCOUNT — NO SURVIVORSHIP,” provided that a financial institution electing to use separate forms is not required to maintain both forms or make both forms available to persons opening joint accounts and may, in its discretion, elect to make one or both forms available to persons opening joint accounts; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":204882,"text":"Use one form for the creation of such accounts that shall contain the two labels “JOINT ACCOUNT WITH SURVIVORSHIP” and “JOINT ACCOUNT — NO SURVIVORSHIP,” with appropriate blank space or lines beside such labels for the parties to sign in order to indicate the type of account desired, which signature requirement shall be in addition to any signature verification form.","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"B"},"3":{"id":204883,"text":"The forms provided for in subdivision A 1 may be identical in all respects except for the labels therein specified. This section shall not be construed to prevent any financial institution from changing from one method of identification to the other method of identification at any time, nor to require a financial institution making such a change to make any changes to the forms of its existing accounts.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2","next_prefix":"C"},"4":{"id":204884,"text":"The forms described in subsection A shall include disclosures to inform persons opening joint accounts of the disposition of such accounts upon a party’s death. Disclosures in a form substantially similar to the following shall satisfy the requirements of this section:\n\t\t\tJoint Account With Survivorship — On the death of a party to the account, the deceased party’s ownership in the account passes to the surviving party or parties to the account.\n\t\t\tJoint Account — No Survivorship — On the death of a party to the account, the deceased party’s ownership in the account passes as a part of the party’s estate under the party’s will, trust, or by intestacy.","type":"section","prefixes":["C"],"prefix":"C","entire_prefix":"C","prefix_anchor":"C","level":1,"prior_prefix":"B","next_prefix":"D"},"5":{"id":204885,"text":"This section is not applicable to joint accounts created before July 1, 1980.","type":"section","prefixes":["D"],"prefix":"D","entire_prefix":"D","prefix_anchor":"D","level":1,"prior_prefix":"C"}},"ancestry":[{"id":14507,"edition_id":1,"name":"Multiple-Party Accounts","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13916,"metadata":{},"date_created":"2026-06-26 03:48:24","date_modified":"2026-06-26 03:48:24","permalink":{"id":264925,"object_type":"structure","relational_id":14507,"identifier":"2","token":"6.2\/II\/6\/2","url":"\/6.2\/II\/6\/2\/","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":83499,"structure_id":14507,"section_number":"6.2-604","catch_line":"Definitions","url":"\/6.2-604\/","token":"6.2\/II\/6\/2\/6.2-604","metadata":false},{"id":60179,"structure_id":14507,"section_number":"6.2-605","catch_line":"Applicability","url":"\/6.2-605\/","token":"6.2\/II\/6\/2\/6.2-605","metadata":false},{"id":81600,"structure_id":14507,"section_number":"6.2-606","catch_line":"Ownership during lifetime; garnishment, attachment, or levy","url":"\/6.2-606\/","token":"6.2\/II\/6\/2\/6.2-606","metadata":false},{"id":59409,"structure_id":14507,"section_number":"6.2-607","catch_line":"Effect of divorce","url":"\/6.2-607\/","token":"6.2\/II\/6\/2\/6.2-607","metadata":false},{"id":70832,"structure_id":14507,"section_number":"6.2-608","catch_line":"Right of survivorship","url":"\/6.2-608\/","token":"6.2\/II\/6\/2\/6.2-608","metadata":false},{"id":69560,"structure_id":14507,"section_number":"6.2-609","catch_line":"Change of form of account upon written order to financial institution","url":"\/6.2-609\/","token":"6.2\/II\/6\/2\/6.2-609","metadata":false},{"id":65001,"structure_id":14507,"section_number":"6.2-610","catch_line":"Transfers arising from right of survivorship nontestamentary","url":"\/6.2-610\/","token":"6.2\/II\/6\/2\/6.2-610","metadata":false},{"id":66290,"structure_id":14507,"section_number":"6.2-611","catch_line":"Liability of surviving party for debts and other liabilities of decedent's estate","url":"\/6.2-611\/","token":"6.2\/II\/6\/2\/6.2-611","metadata":false},{"id":59609,"structure_id":14507,"section_number":"6.2-612","catch_line":"Financial institution duties; multiple-party accounts; multiple-fiduciary accounts","url":"\/6.2-612\/","token":"6.2\/II\/6\/2\/6.2-612","metadata":false},{"id":69238,"structure_id":14507,"section_number":"6.2-613","catch_line":"Payment of sums in joint account","url":"\/6.2-613\/","token":"6.2\/II\/6\/2\/6.2-613","metadata":false},{"id":72313,"structure_id":14507,"section_number":"6.2-614","catch_line":"Payment of P.O.D. account","url":"\/6.2-614\/","token":"6.2\/II\/6\/2\/6.2-614","metadata":false},{"id":59587,"structure_id":14507,"section_number":"6.2-615","catch_line":"Payment of trust account","url":"\/6.2-615\/","token":"6.2\/II\/6\/2\/6.2-615","metadata":false},{"id":74285,"structure_id":14507,"section_number":"6.2-615.1","catch_line":"Payment of multiple-fiduciary account","url":"\/6.2-615.1\/","token":"6.2\/II\/6\/2\/6.2-615.1","metadata":false},{"id":57312,"structure_id":14507,"section_number":"6.2-616","catch_line":"Discharge of financial institution upon payment","url":"\/6.2-616\/","token":"6.2\/II\/6\/2\/6.2-616","metadata":false},{"id":83292,"structure_id":14507,"section_number":"6.2-617","catch_line":"Setoff by financial institution against account","url":"\/6.2-617\/","token":"6.2\/II\/6\/2\/6.2-617","metadata":false},{"id":55925,"structure_id":14507,"section_number":"6.2-618","catch_line":"Identification of joint accounts","url":"\/6.2-618\/","token":"6.2\/II\/6\/2\/6.2-618","metadata":false},{"id":79522,"structure_id":14507,"section_number":"6.2-619","catch_line":"Certain duties of parties to joint accounts in financial institutions","url":"\/6.2-619\/","token":"6.2\/II\/6\/2\/6.2-619","metadata":false},{"id":66233,"structure_id":14507,"section_number":"6.2-620","catch_line":"Application of article to accounts existing on July 1, 1980","url":"\/6.2-620\/","token":"6.2\/II\/6\/2\/6.2-620","metadata":false}],"previous_section":{"id":83292,"structure_id":14507,"section_number":"6.2-617","catch_line":"Setoff by financial institution against account","url":"\/6.2-617\/","token":"6.2\/II\/6\/2\/6.2-617","metadata":false},"next_section":{"id":79522,"structure_id":14507,"section_number":"6.2-619","catch_line":"Certain duties of parties to joint accounts in financial institutions","url":"\/6.2-619\/","token":"6.2\/II\/6\/2\/6.2-619","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-618\/","history_text":"

This law was first created in 1979. The record of its establishment is cataloged in chapter 407 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 1979 \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 1999, chapter 125<\/a>; in 2010, chapter 794<\/a>; in 2013, chapter 70<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":264987,"object_type":"law","relational_id":55925,"identifier":"6.2-618","token":"6.2\/II\/6\/2\/6.2-618","url":"\/6.2-618\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/6.2-618\/","token":"6.2\/II\/6\/2\/6.2-618","dublin_core":{"Title":"Identification of joint accounts","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-618","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Every financial institution<\/span> in the Commonwealth offering joint accounts<\/span> to its depositors shall either: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Use two separate forms for the creation of joint accounts<\/span>, one of which shall be clearly labeled “JOINT ACCOUNT<\/span> WITH SURVIVORSHIP” and the other of which shall be clearly labeled “JOINT ACCOUNT<\/span> — NO SURVIVORSHIP,” provided that a financial institution<\/span> electing to use separate forms is not required to maintain both forms or make both forms available to persons<\/span> opening joint accounts<\/span> and may, in its discretion, elect to make one or both forms available to persons<\/span> opening joint accounts<\/span>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Use one form for the creation of such accounts that shall contain the two labels “JOINT ACCOUNT<\/span> WITH SURVIVORSHIP” and “JOINT ACCOUNT<\/span> — NO SURVIVORSHIP,” with appropriate blank space or lines beside such labels for the parties to sign in order<\/span> to indicate the type of account desired, which signature requirement shall be in addition to any signature verification form. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The forms provided for in subdivision A 1 may be identical in all respects except for the labels therein specified. This section shall not be construed to prevent any financial institution<\/span> from changing from one method of identification to the other method of identification at any time, nor to require a financial institution<\/span> making such a change to make any changes to the forms of its existing accounts. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The forms described in subsection A shall include disclosures to inform persons<\/span> opening joint accounts<\/span> of the disposition<\/span> of such accounts upon a party<\/span>’s death. Disclosures in a form substantially similar to the following shall satisfy the requirements of this section:\n\t\t\tJoint Account<\/span> With Survivorship — On the death of a party<\/span> to the account, the deceased party<\/span>’s ownership in the account passes to the surviving party<\/span> or parties to the account.\n\t\t\tJoint Account<\/span> — No Survivorship — On the death of a party<\/span> to the account, the deceased party<\/span>’s ownership in the account passes as a part of the party<\/span>’s estate under the party<\/span>’s will, trust, or by intestacy. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

D.<\/span> This section is not applicable to joint accounts<\/span> created before July 1, 1980. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nIDENTIFICATION OF JOINT ACCOUNTS (\u00a7 6.2-618)\n\nA. Every financial institution in the Commonwealth offering joint accounts to\nits depositors shall either:\n\n 1. Use two separate forms for the creation of joint accounts, one of which\n shall be clearly labeled “JOINT ACCOUNT WITH SURVIVORSHIP” and the\n other of which shall be clearly labeled “JOINT ACCOUNT — NO\n SURVIVORSHIP,” provided that a financial institution electing to use\n separate forms is not required to maintain both forms or make both forms\n available to persons opening joint accounts and may, in its discretion, elect\n to make one or both forms available to persons opening joint accounts; or\n\n 2. Use one form for the creation of such accounts that shall contain the two\n labels “JOINT ACCOUNT WITH SURVIVORSHIP” and “JOINT ACCOUNT\n — NO SURVIVORSHIP,” with appropriate blank space or lines beside\n such labels for the parties to sign in order to indicate the type of account\n desired, which signature requirement shall be in addition to any signature\n verification form.\n\nB. The forms provided for in subdivision A 1 may be identical in all respects\nexcept for the labels therein specified. This section shall not be construed to\nprevent any financial institution from changing from one method of\nidentification to the other method of identification at any time, nor to require\na financial institution making such a change to make any changes to the forms of\nits existing accounts.\n\nC. The forms described in subsection A shall include disclosures to inform\npersons opening joint accounts of the disposition of such accounts upon a\nparty’s death. Disclosures in a form substantially similar to the\nfollowing shall satisfy the requirements of this section:\n\t\t\tJoint Account With Survivorship — On the death of a party to the\naccount, the deceased party’s ownership in the account passes to the\nsurviving party or parties to the account.\n\t\t\tJoint Account — No Survivorship — On the death of a party to the\naccount, the deceased party’s ownership in the account passes as a part of\nthe party’s estate under the party’s will, trust, or by intestacy.\n\nD. This section is not applicable to joint accounts created before July 1, 1980.\n\nHISTORY: 1979, c. 407, \u00a7 6.1-125.15; 1999, c. 125; 2010, c. 794; 2013, c. 70.","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}}