                                 CODE OF VIRGINIA

APPLICABILITY (§ 6.2-605)

A. The provisions of &#xA7;&#xA7; 6.2-606, 6.2-607, and 6.2-608 concerning
beneficial ownership as between parties, or as between parties and P.O.D. payees
or beneficiaries of multiple-party accounts, are relevant only to controversies
between these persons and their creditors and other successors, and have no
bearing on the power of withdrawal of these persons as determined by the terms
of account contracts.

B. The provisions of &#xA7;&#xA7; 6.2-612 through 6.2-617 govern the liability
of financial institutions that make payments pursuant thereto, and their set-off
rights, but shall have no effect on the beneficial ownership of or the power of
withdrawal from the accounts between the parties or P.O.D. payees or
beneficiaries of multiple-party accounts and shall have no effect on the
fiduciary duties or obligations of fiduciaries under the governing instrument of
multiple-fiduciary accounts.

HISTORY: 1979, c. 407, § 6.1-125.2; 2010, c. 794; 2020, c. 259.