{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.3A-118.1.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.3A-118.1.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.3A-118.1.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.3A-118.1.html"}],"law_id":60697,"edition_id":1,"section_id":60697,"structure_id":13868,"section_number":"8.3A-118.1","catch_line":"Statute of limitations on deposit accounts and certificates of deposit","history":"2006, c. 624; 2010, c. 747; 2017, cc. 83, 640.","full_text":"A\n\nAn action to enforce the obligations of a bank to pay all or part of the balance of a deposit account or certificate of deposit (collectively, a deposit) must be commenced within six years after the earlier of the following:1\n\nIf the deposit is a certificate of deposit to which subsection (e) of § 8.3A-118 applies, the date the six-year limitations period begins to run under subsection (e) of § 8.3A-118; or2\n\nThe later of:A\n\nThe due date of the deposit indicated in the bank’s last written notice of renewal;B\n\nThe date of the last written communication from the bank recognizing the bank’s obligation with respect to the deposit; orC\n\nThe last day of the taxable year for which the owner of the deposit or the bank last reported interest income earned on the deposit for federal or state income tax purposes.B\n\nThis section shall apply to negotiable and non-negotiable certificates of deposit.","order_by":null,"text":{"0":{"id":221879,"text":"An action to enforce the obligations of a bank to pay all or part of the balance of a deposit account or certificate of deposit (collectively, a deposit) must be commenced within six years after the earlier of the following:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"A1"},"1":{"id":221880,"text":"If the deposit is a certificate of deposit to which subsection (e) of § 8.3A-118 applies, the date the six-year limitations period begins to run under subsection (e) of § 8.3A-118; or","type":"section","prefixes":["A","1"],"prefix":"1","entire_prefix":"A1","prefix_anchor":"A1","level":2,"prior_prefix":"A","next_prefix":"A2"},"2":{"id":221881,"text":"The later of:","type":"section","prefixes":["A","2"],"prefix":"2","entire_prefix":"A2","prefix_anchor":"A2","level":2,"prior_prefix":"A1","next_prefix":"A2A"},"3":{"id":221882,"text":"The due date of the deposit indicated in the bank’s last written notice of renewal;","type":"section","prefixes":["A","2","A"],"prefix":"A","entire_prefix":"A2A","prefix_anchor":"A2A","level":3,"prior_prefix":"A2","next_prefix":"A2B"},"4":{"id":221883,"text":"The date of the last written communication from the bank recognizing the bank’s obligation with respect to the deposit; or","type":"section","prefixes":["A","2","B"],"prefix":"B","entire_prefix":"A2B","prefix_anchor":"A2B","level":3,"prior_prefix":"A2A","next_prefix":"A2C"},"5":{"id":221884,"text":"The last day of the taxable year for which the owner of the deposit or the bank last reported interest income earned on the deposit for federal or state income tax purposes.","type":"section","prefixes":["A","2","C"],"prefix":"C","entire_prefix":"A2C","prefix_anchor":"A2C","level":3,"prior_prefix":"A2B","next_prefix":"B"},"6":{"id":221885,"text":"This section shall apply to negotiable and non-negotiable certificates of deposit.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A2C"}},"ancestry":[{"id":13868,"edition_id":1,"name":"General Provisions and Definitions","identifier":"1","label":"part","depth":2,"order_by":1,"parent_id":13054,"metadata":{},"date_created":"2026-06-26 03:46:08","date_modified":"2026-06-26 03:46:08","permalink":{"id":282707,"object_type":"structure","relational_id":13868,"identifier":"1","token":"8.3A\/1","url":"\/8.3A\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13054,"edition_id":1,"name":"Commercial Code \u2014 Negotiable Instruments","identifier":"8.3A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":282705,"object_type":"structure","relational_id":13054,"identifier":"8.3A","token":"8.3A","url":"\/8.3A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83834,"structure_id":13868,"section_number":"8.3A-101","catch_line":"Short title","url":"\/8.3A-101\/","token":"8.3A\/1\/8.3A-101","metadata":false},{"id":65615,"structure_id":13868,"section_number":"8.3A-102","catch_line":"Subject matter","url":"\/8.3A-102\/","token":"8.3A\/1\/8.3A-102","metadata":false},{"id":77332,"structure_id":13868,"section_number":"8.3A-103","catch_line":"Definitions","url":"\/8.3A-103\/","token":"8.3A\/1\/8.3A-103","metadata":false},{"id":82039,"structure_id":13868,"section_number":"8.3A-104","catch_line":"Negotiable instrument","url":"\/8.3A-104\/","token":"8.3A\/1\/8.3A-104","metadata":false},{"id":71271,"structure_id":13868,"section_number":"8.3A-105","catch_line":"Issue of instrument","url":"\/8.3A-105\/","token":"8.3A\/1\/8.3A-105","metadata":false},{"id":54896,"structure_id":13868,"section_number":"8.3A-106","catch_line":"Unconditional promise or order","url":"\/8.3A-106\/","token":"8.3A\/1\/8.3A-106","metadata":false},{"id":58514,"structure_id":13868,"section_number":"8.3A-107","catch_line":"Instrument payable in foreign money","url":"\/8.3A-107\/","token":"8.3A\/1\/8.3A-107","metadata":false},{"id":60401,"structure_id":13868,"section_number":"8.3A-108","catch_line":"Payable on demand or at definite time","url":"\/8.3A-108\/","token":"8.3A\/1\/8.3A-108","metadata":false},{"id":76428,"structure_id":13868,"section_number":"8.3A-109","catch_line":"Payable to bearer or to order","url":"\/8.3A-109\/","token":"8.3A\/1\/8.3A-109","metadata":false},{"id":79693,"structure_id":13868,"section_number":"8.3A-110","catch_line":"Identification of person to whom instrument is payable","url":"\/8.3A-110\/","token":"8.3A\/1\/8.3A-110","metadata":false},{"id":59225,"structure_id":13868,"section_number":"8.3A-111","catch_line":"Place of payment","url":"\/8.3A-111\/","token":"8.3A\/1\/8.3A-111","metadata":false},{"id":81552,"structure_id":13868,"section_number":"8.3A-112","catch_line":"Interest","url":"\/8.3A-112\/","token":"8.3A\/1\/8.3A-112","metadata":false},{"id":78239,"structure_id":13868,"section_number":"8.3A-113","catch_line":"Date of instrument","url":"\/8.3A-113\/","token":"8.3A\/1\/8.3A-113","metadata":false},{"id":69384,"structure_id":13868,"section_number":"8.3A-114","catch_line":"Contradictory terms of instrument","url":"\/8.3A-114\/","token":"8.3A\/1\/8.3A-114","metadata":false},{"id":87003,"structure_id":13868,"section_number":"8.3A-115","catch_line":"Incomplete instrument","url":"\/8.3A-115\/","token":"8.3A\/1\/8.3A-115","metadata":false},{"id":77257,"structure_id":13868,"section_number":"8.3A-116","catch_line":"Joint and several liability; contribution","url":"\/8.3A-116\/","token":"8.3A\/1\/8.3A-116","metadata":false},{"id":58091,"structure_id":13868,"section_number":"8.3A-117","catch_line":"Other agreements affecting instrument","url":"\/8.3A-117\/","token":"8.3A\/1\/8.3A-117","metadata":false},{"id":84675,"structure_id":13868,"section_number":"8.3A-118","catch_line":"Statute of limitations","url":"\/8.3A-118\/","token":"8.3A\/1\/8.3A-118","metadata":false},{"id":60697,"structure_id":13868,"section_number":"8.3A-118.1","catch_line":"Statute of limitations on deposit accounts and certificates of deposit","url":"\/8.3A-118.1\/","token":"8.3A\/1\/8.3A-118.1","metadata":false},{"id":62088,"structure_id":13868,"section_number":"8.3A-119","catch_line":"Notice of right to defend action","url":"\/8.3A-119\/","token":"8.3A\/1\/8.3A-119","metadata":false}],"previous_section":{"id":84675,"structure_id":13868,"section_number":"8.3A-118","catch_line":"Statute of limitations","url":"\/8.3A-118\/","token":"8.3A\/1\/8.3A-118","metadata":false},"next_section":{"id":62088,"structure_id":13868,"section_number":"8.3A-119","catch_line":"Notice of right to defend action","url":"\/8.3A-119\/","token":"8.3A\/1\/8.3A-119","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.3A-118.1\/","history_text":"

This law was first created in 2006. The record of its establishment is cataloged in chapter 624<\/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 2 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 2010, chapter 747<\/a>; in 2017, chapters 83<\/a> and 640<\/a>.<\/p>","references":false,"refers_to":[{"id":84675,"section_number":"8.3A-118","catch_line":"Statute of limitations","order_by":null,"url":"\/8.3A-118\/"}],"permalink":{"id":282781,"object_type":"law","relational_id":60697,"identifier":"8.3A-118.1","token":"8.3A\/1\/8.3A-118.1","url":"\/8.3A-118.1\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.3A-118.1\/","token":"8.3A\/1\/8.3A-118.1","dublin_core":{"Title":"Statute of limitations on deposit accounts and certificates of deposit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.3A-118.1","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> An action to enforce the obligations of a bank to pay all or part of the balance of a deposit account or certificate of deposit (collectively, a deposit) must be commenced within six years after the earlier of the following: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> If the deposit is a certificate of deposit to which subsection (e) of § 8.3A-118<\/a> applies, the date the six-year limitations period begins to run under subsection (e) of § 8.3A-118<\/a>; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> The later of: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

A.<\/span> The due date of the deposit indicated in the bank’s last written notice of renewal; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The date of the last written communication from the bank recognizing the bank’s obligation with respect to the deposit; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

C.<\/span> The last day of the taxable year for which the owner of the deposit or the bank last reported interest income earned on the deposit for federal or state income tax purposes. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> This section shall apply to negotiable and non-negotiable certificates of deposit. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSTATUTE OF LIMITATIONS ON DEPOSIT ACCOUNTS AND CERTIFICATES OF DEPOSIT (\u00a7\n8.3A-118.1)\n\nA. An action to enforce the obligations of a bank to pay all or part of the\nbalance of a deposit account or certificate of deposit (collectively, a deposit)\nmust be commenced within six years after the earlier of the following:\n\n 1. If the deposit is a certificate of deposit to which subsection (e) of\n § 8.3A-118 applies, the date the six-year limitations period begins to\n run under subsection (e) of § 8.3A-118; or\n\n 2. The later of:\n\n A. The due date of the deposit indicated in the bank’s last written\n notice of renewal;\n\n B. The date of the last written communication from the bank recognizing the\n bank’s obligation with respect to the deposit; or\n\n C. The last day of the taxable year for which the owner of the deposit or\n the bank last reported interest income earned on the deposit for federal or\n state income tax purposes.\n\nB. This section shall apply to negotiable and non-negotiable certificates of\ndeposit.\n\nHISTORY: 2006, c. 624; 2010, c. 747; 2017, cc. 83, 640.","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}}