6.2-607 - (Effective October 1, 2010) Effect of divorce. - Virginia Statutes

§ 6.2-607. (Effective October 1, 2010) Effect of divorce.

Upon the entry of a decree of divorce, either a mensa et thoro or a vinculomatrimonii, all rights of either consort in any multiple-party account thenexisting between them, including the right of survivorship, shall beextinguished; and any joint account then existing between the consorts shallthereupon be converted into a tenancy in common, in the proportions providedin subsection A of § 6.2-606, unless otherwise ordered by the court.

(1979, c. 407, § 6.1-125.4; 2010, c. 794.)