                                 CODE OF VIRGINIA

CERTAIN DUTIES OF PARTIES TO JOINT ACCOUNTS IN FINANCIAL INSTITUTIONS (§
6.2-619)

A. Parties to a joint account in a financial institution occupy the relation of
principal and agent as to each other, with each standing as a principal in
regard to his ownership interest in the joint account and as agent in regard to
the ownership interest of the other party. The provisions of the Uniform Power
of Attorney Act (&#xA7; 64.2-1600 et seq.) shall apply to such principal/agent
relationships.

B. For the purposes of this section, the ownership interest of the parties to
the joint account shall be determined in accordance with the provisions of this
article.

HISTORY: 1996, c. 260, § 6.1-125.15:1; 2010, cc. 455, 632, 794.