6.1-194.61 - (Repealed effective October 1, 2010) Accounts held by various trustees for same beneficiary. - Virginia Statutes

§ 6.1-194.61. (Repealed effective October 1, 2010) Accounts held by varioustrustees for same beneficiary.

Whenever trust interests or accounts are created for the same beneficiary,but each such interest or account is in the name of a separate and distincttrustee, or combination of trustees, each such trust interest or accountshall constitute a separate, distinct and valid trust entity for all purposes.

(Code 1950, §§ 6-201.22:1, 6.1-149.1, 6.1-195.24; 1966, cc. 219, 584; 1972,c. 796; 1985, c. 425.)