                                 CODE OF VIRGINIA

CUSTOMER&#8217;S RIGHT TO STOP PAYMENT; BURDEN OF PROOF OF LOSS (§ 8.4-403)

a. A customer or any person authorized to draw on the account if there is more
than one person may stop payment of any item drawn on the customer&#8217;s
account or close the account by an order to the bank describing the item or
account with reasonable certainty received at a time and in a manner that
affords the bank a reasonable opportunity to act on it before any action by the
bank with respect to the item described in &#xA7; 8.4-303. If the signature of
more than one person is required to draw on an account, any of these persons may
stop payment or close the account.

b. A stop-payment order is effective for six months, but it lapses after
fourteen calendar days if the original order was oral and was not confirmed in
writing within that period. A stop-payment order may be renewed for additional
six-month periods by a writing given to the bank within a period during which
the stop-payment order is effective.

c. The burden of establishing the fact and amount of loss resulting from the
payment of an item contrary to a stop-payment order or order to close an account
is on the customer. The loss from payment of an item contrary to a stop-payment
order may include damages for dishonor of subsequent items under &#xA7; 8.4-402.

HISTORY: Code 1950, § 6-73; 1964, c. 219; 1992, c. 693.