                                 CODE OF VIRGINIA

CORPORATE SECURITIES REGISTERED IN JOINT NAMES WITH RIGHT OF SURVIVORSHIP (§
13.1-435)

Whenever a security issued by a corporation organized under the laws of the
Commonwealth is registered in the names of two or more persons as joint tenants
with right of survivorship or in the names of persons married to each other as
tenants by the entireties with right of survivorship and one of such persons
dies, such corporation and any transfer agent of such corporation shall, upon
receipt of evidence of death, be entitled to treat the survivor or survivors as
the owner or owners of such security for all purposes and to cause such security
to be registered in the name of such survivor or survivors regardless of any
claim of right through the decedent or by his personal representative, unless
such registration is enjoined prior to its effectuation by a court of competent
jurisdiction.

HISTORY: 1960, c. 20; 2020, c. 900.