6.2-612 - (Effective October 1, 2010) Financial institution duties; multiple-party accounts. - Virginia Statutes

§ 6.2-612. (Effective October 1, 2010) Financial institution duties;multiple-party accounts.

Financial institutions may enter into multiple-party accounts to the sameextent that they may enter into single-party accounts. Any multiple-partyaccount may be paid, on request, to any one or more of the parties. Afinancial institution shall not be required to inquire as to the source offunds received for deposit to a multiple-party account, or to inquire as tothe proposed application of any sum withdrawn from an account, for purposesof establishing net contributions.

(1979, c. 407, § 6.1-125.9; 2010, c. 794.)