§ 6.1-125.16. Effective date
The provisions of this chapter shall be applicable to all multiple-party accounts, in every financial institution in this Commonwealth, on July 1, 1980, regardless of when such multiple-party accounts might have been opened or created; provided, however, that nothing herein contained shall affect the common-law presumption of convenience now existing between persons not married to each other in joint accounts that were created prior to July 1, 1980, insofar as the ownership of the funds, whenever deposited, during their joint lifetime or their right of survivorship therein are concerned, and such cases shall continue to be decided pursuant to the precedents of the Virginia Supreme Court.
(1979, c. 407.)
Sections: Previous 6.1-125.3 6.1-125.4 6.1-125.5 6.1-125.6 6.1-125.7 6.1-125.8 6.1-125.9 6.1-125.10 6.1-125.11 6.1-125.12 6.1-125.13 6.1-125.14 6.1-125.15 6.1-125.15:1 6.1-125.16Last modified: April 2, 2009