                                 CODE OF VIRGINIA

DEPOSITS OF MINORS (§ 6.2-896)

A bank may establish a deposit account for a minor as the sole and absolute
owner of such account. The bank may receive deposits by or for such minor, honor
any withdrawal request of the minor, and act in any other manner with respect to
such account on the minor&#8217;s order. Any payment or delivery of funds from
such account to the minor, or the payment of a check or other written order for
withdrawal of funds signed by such minor owner, shall be a valid and sufficient
release and discharge of such bank for any payment or delivery so made. The
parent or guardian of such minor shall not in his capacity as parent or guardian
have the power to withdraw or transfer funds in any such account unless the
minor has given written notice to the bank to accept the signature of such
parent or guardian.

HISTORY: Code 1950, § 6-56; 1966, c. 584, § 6.1-74; 2009, c. 197; 2010, c.
794.