Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-125.9 Financial institution protection

§ 6.1-125.9. Financial institution protection

Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of the parties. A financial institution shall not be required to inquire as to the source of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions.

(1979, c. 407.)

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Last modified: April 2, 2009