                                 CODE OF VIRGINIA

PAYMENT OF CERTAIN PATRONAGE CAPITAL TO SPOUSE OR NEXT OF KIN OF DECEASED PERSON
(§ 56-501.1)

When there is held by any telephone cooperative, engaged in the business of
furnishing telephone service, any patronage capital to the credit of a deceased
person, in an amount not exceeding $500, upon whose estate there shall have been
no qualification, it shall be lawful for such telephone cooperative, after 120
days from the death of such person, to pay such balance to his or her spouse,
and if none, to his or her next of kin, whose receipt therefor shall be a full
discharge and acquittance to such telephone cooperative to all persons
whomsoever on account of such patronage capital.

HISTORY: 1979, c. 442.