                                 CODE OF VIRGINIA

ACCOUNTS OF FIDUCIARIES (§ 6.2-1176)

A savings institution may issue accounts in the name of any administrator,
executor, custodian, conservator, guardian, trustee, or other fiduciary for a
named beneficiary or beneficiaries. The payment of funds from any such account
pursuant to a check or other written order of withdrawal signed by the
fiduciary, the delivery of funds in such account to such fiduciary, or a receipt
signed by any such fiduciary with regard to the payment of funds from such
account, shall be a valid and sufficient release and discharge of the
institution for the payment or delivery so made.

HISTORY: 1985, c. 425, § 6.1-194.59; 2010, c. 794.