Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-125.4 Effect of divorce

§ 6.1-125.4. Effect of divorce

Upon the entry of a decree of divorce, either a mensa et thoro or a vinculo matrimonii, all rights of either consort in any multiple-party account then existing between them, including the right of survivorship, shall be extinguished; and any joint account then existing between the consorts shall thereupon be converted into a tenancy in common, in the proportions provided in § 6.1-125.3 A, unless otherwise ordered by the court.

(1979, c. 407.)

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Last modified: April 16, 2009