6.1-194.57 - (Repealed effective October 1, 2010) Accounts of deceased or incompetent persons.
§ 6.1-194.57. (Repealed effective October 1, 2010) Accounts of deceased orincompetent persons.
A savings institution may pay funds held in the account of a deceased personor a person under disability to the personal representative, committee,conservator, guardian or curator of such person upon proper proof of theappointment and qualification of such fiduciary. Any savings institutionmaking such payment shall no longer be liable for the amount thereof to anyperson whomsoever. The presentation of a duly certified letter orcertificate of qualification as personal representative or other fiduciaryshall be conclusive proof of the jurisdiction of the court issuing the same.
A savings institution which has received no written notice and is not onactual notice that an account owner is deceased or has been adjudicatedincompetent, may pay or deliver funds held in such person's account inaccordance with the provisions of the account contract without liability toany person whomsoever for the amounts so paid or delivered.
(Code 1950, §§ 6-201.25, 6.1-152, 6.1-195.28; 1960, c. 402; 1966, c. 584;1972, c. 796; 1985, c. 425.)