Code of Virginia - Title 6.1 Banking And Finance - Section 6.1-70 Payment of balance of deceased person or person under disability to personal representative, commit...

§ 6.1-70. Payment of balance of deceased person or person under disability to personal representative, commit...

Any bank may pay any balance on deposit to the credit of any deceased person or of any person under disabilities, to the personal representative, curator, conservator or committee of such person upon a letter of qualification as such personal representative, curator, conservator or committee, issued by any court of competent jurisdiction of this Commonwealth, and such letter shall be sufficient authority for such transfer. Any such bank making such transfer shall no longer be liable for such deposit to any person whomsoever. The presentation of a duly certified letter of qualification as personal representative, curator, conservator or committee shall be conclusive proof of the jurisdiction of the court issuing the same. Payment to a fiduciary qualified under the law of a state other than Virginia shall be in accordance with Chapter 5 (§ 26-59 et seq.) of Title 26 and § 64.1-130.

(Code 1950, § 6-53; 1966, c. 584; 1983, c. 487; 1997, c. 801.)

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Last modified: April 16, 2009