Va. Code Ann. § 6.2-1368
This is the official text of Va. Code Ann. § 6.2-1368, part of Virginia’s Code of Virginia — the complete compiled statutory law of Virginia, organized into 60+ numbered titles by subject.
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Accounts of fiduciaries
Official statutory text
A credit union may issue shares and maintain share accounts in the name of any person or entity eligible for membership in such credit union pursuant to § 6.2-1327 as administrator, executor, custodian, conservator, guardian, trustee, or other fiduciary for a named beneficiary. The payment of funds from any such account pursuant to a share draft or other written order of withdrawal signed by the fiduciary, the delivery of funds in such account to such fiduciary, or a receipt signed by any such fiduciary with regard to the payment of funds from such account, shall be valid and sufficient release and discharge of the credit union for the payment or delivery so made.
2000, c. 744 , § 6.1-225.50:1; 2010, c. 794 .
2000, c. 744 , § 6.1-225.50:1; 2010, c. 794 .
Status: in_force · Read it on the official government site
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