8.01-601 - Deposit with general receiver of certain funds under supervision of fiduciary and belonging to person under disability. - Virginia Statutes

§ 8.01-601. Deposit with general receiver of certain funds under supervisionof fiduciary and belonging to person under disability.

Whenever it appears to any fiduciary as defined in § 8.01-2 that a personunder a disability as defined in § 8.01-2 is not represented by a fiduciaryas defined above and is entitled to funds not exceeding $3,000 under thesupervision and control of the fiduciary in charge of such funds, he mayreport such fact to the commissioner of accounts of the court in which he wasadmitted to qualify. With the approval of such commissioner of accounts, thefiduciary in charge of such funds may deposit such funds with the generalreceiver of the court in which he was admitted to qualify. The generalreceiver shall issue a receipt to such fiduciary which shall show the sourceof such fund, the amount and to whom it belongs and shall enter the amountand such facts in his accounts.

(Code 1950, § 8-744.1; 1970, c. 352; 1977, c. 617.)