                                 CODE OF VIRGINIA

POWERS OF ATTORNEY ON ACCOUNTS (§ 6.2-1173)

Any savings institution may continue to recognize the authority of an
attorney-in-fact authorized in writing to manage or to make withdrawals, either
in whole or in part, from any account until it receives written notice or is on
actual notice of the revocation of his authority. For the purposes of this
section, written notice of death of the owner of the account shall constitute
written notice of revocation of the authority of his attorney. Written notice of
the adjudication of incapacity of an account owner shall constitute written
notice of revocation of the authority of his attorney unless under the laws of
the Commonwealth the authority of the attorney-in-fact survives such
adjudication. Payment of the account in accordance with the provisions of this
section shall constitute a full discharge and acquittance of the association as
to such account.

HISTORY: 1972, c. 796, § 6.1-195.27; 1985, c. 425, § 6.1-194.56; 1997, c. 801;
2010, c. 794.