6.1-194.59 - (Repealed effective October 1, 2010) Accounts of fiduciaries. - Virginia Statutes

§ 6.1-194.59. (Repealed effective October 1, 2010) Accounts of fiduciaries.

A savings institution may issue accounts in the name of any administrator,executor, custodian, conservator, guardian, trustee or other fiduciary for anamed beneficiary or beneficiaries. The payment of funds from any suchaccount pursuant to a check or other written order of withdrawal signed bythe fiduciary, or delivery of funds in such account to such fiduciary, or areceipt signed by any such fiduciary with regard to the payment of funds fromsuch account, shall be a valid and sufficient release and discharge of theinstitution for the payment or delivery so made.

(1985, c. 425.)