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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>62208</law_id><section_number>64.2-1909</section_number><catch_line>Single and joint custodians</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="64.2">Wills, Trusts, and Fiduciaries</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Fiduciaries and Guardians</unit><unit label="part" level="3" order_by="1" identifier="C">Guardianship of Minor</unit><unit label="chapter" level="4" order_by="1" identifier="19">Virginia Uniform Transfers to Minors Act</unit></structure><text>
						<section><p>A <span class="dictionary">transfer</span> may be made only for one <span class="dictionary">minor</span>, and up to two <span class="dictionary">persons</span> may be joint <span class="dictionary">custodians</span>. All <span class="dictionary">custodial property</span> held under this chapter by the same <span class="dictionary">custodian</span> or joint <span class="dictionary">custodians</span> for the benefit of the same <span class="dictionary">minor</span> constitutes a single custodianship. Unless otherwise specified in any document creating the <span class="dictionary">custodial property</span>, each joint <span class="dictionary">custodian</span> shall have full power and authority to act alone with respect to the <span class="dictionary">custodial property</span>. If either joint <span class="dictionary">custodian</span> resigns, dies, becomes incapacitated, or is removed, then the remaining joint <span class="dictionary">custodian</span> shall become sole <span class="dictionary">custodian</span>.</p></section></text><history>1988, c. 516, &#xA7; 31-46; 2006, c. 657; 2012, c. 614.</history><metadata></metadata></law>
