§ 64.1-104.1. Definitions
As used in this chapter:
"Co-owners with right of survivorship" includes parties to a joint account, joint tenants, tenants by the entireties, and other co-owners of property held under circumstances that entitle one or more to the whole of the property or account on the death of the other or others.
"Governing instrument" means a deed, will, trust, insurance or annuity policy, account with POD designation, security registered in beneficiary form (TOD), pension, profit-sharing, retirement, or similar benefit plan; instrument creating or exercising a power of appointment or a power of attorney; or a donative, appointive, or nominative instrument of any other type.
"Payor" means a trustee, insurer, business entity, employer, government, governmental agency, subdivision or instrumentality, or any other person authorized or obligated by law or a governing instrument to make payments.
(1994, c. 475.)
Sections: Previous 64.1-97 64.1-104.1 64.1-104.2 64.1-104.3 64.1-104.4 64.1-104.5 64.1-104.6 64.1-104.7 64.1-104.8 64.1-104.9 NextLast modified: April 3, 2009