§ 6.1-71. Payment of small balance to distributees or other persons
When the balance in any bank to the credit of a deceased person, upon whose estate there shall have been no qualification, does not exceed $15,000, it shall be lawful for such bank, after sixty days from the death of such person, to pay such balance to his or her spouse, and if none, to the distributees of the decedent or other persons entitled thereto under the laws of this Commonwealth. The receipt therefor shall be a full discharge and acquittance to such bank to all persons whomsoever on account of such deposit. Such sum, not exceeding the amount given priority by § 64.1-157, after thirty days from the death of such person, at the request of the consort, or if no consort, then the distributees of the decedent or other persons entitled under the laws of this Commonwealth, may be paid to the undertaker or mortuary handling the funeral of such decedent and a receipt of the payee shall be a full and final release of the payor.
(Code 1950, § 6-54; 1956, c. 423; 1962, c. 173; 1966, c. 584; 1968, c. 379; 1972, c. 191; 1976, c. 228; 1980, c. 462; 1986, c. 334; 1994, c. 7; 1997, c. 278; 2002, cc. 187, 220, 227.)
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