{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/6.2-620.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/6.2-620.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/6.2-620.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/6.2-620.html"}],"law_id":374303,"edition_id":2,"section_id":374303,"structure_id":53222,"section_number":"6.2-620","catch_line":"Application of article to accounts existing on July 1, 1980","history":"1979, c. 407, \u00a7 6.1-125.16; 2010, c. 794.","full_text":"A\n\nUnless otherwise provided in this article, the provisions of this article shall be applicable to all multiple-party accounts in every financial institution in the Commonwealth on July 1, 1980, regardless of when such multiple-party accounts might have been opened or created.\n\nB\n\nNothing in this article shall affect the common-law presumption of convenience now existing between persons not married to each other in joint accounts that were created prior to July 1, 1980, insofar as the ownership of the funds, whenever deposited, during their joint lifetime or their right of survivorship therein are concerned. Issues regarding ownership of such funds shall continue to be decided pursuant to the precedents of the Virginia Supreme Court.\n\n","order_by":null,"text":{"0":{"id":1397314,"text":"Unless otherwise provided in this article, the provisions of this article shall be applicable to all multiple-party accounts in every financial institution in the Commonwealth on July 1, 1980, regardless of when such multiple-party accounts might have been opened or created.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1397315,"text":"Nothing in this article shall affect the common-law presumption of convenience now existing between persons not married to each other in joint accounts that were created prior to July 1, 1980, insofar as the ownership of the funds, whenever deposited, during their joint lifetime or their right of survivorship therein are concerned. Issues regarding ownership of such funds shall continue to be decided pursuant to the precedents of the Virginia Supreme Court.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":53222,"edition_id":2,"name":"Multiple-Party Accounts","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":53220,"metadata":{"child_laws":18,"child_structures":0},"date_created":"2026-08-02 03:13:17","date_modified":"2026-08-02 12:27:56","permalink":{"id":1491927,"object_type":"structure","relational_id":53222,"identifier":"2","token":"6.2\/II\/6\/2","url":"\/6.2\/II\/6\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53220,"edition_id":2,"name":"Deposits and Accounts","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":53156,"metadata":{"child_laws":23,"child_structures":2},"date_created":"2026-08-02 03:13:17","date_modified":"2026-08-02 12:27:56","permalink":{"id":1491903,"object_type":"structure","relational_id":53220,"identifier":"6","token":"6.2\/II\/6","url":"\/6.2\/II\/6\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53156,"edition_id":2,"name":"Depository Institutions and Trust Organizations","identifier":"II","label":"subtitle","depth":2,"order_by":2,"parent_id":53152,"metadata":{"child_laws":483,"child_structures":51},"date_created":"2026-08-02 03:11:42","date_modified":"2026-08-02 12:27:56","permalink":{"id":1490687,"object_type":"structure","relational_id":53156,"identifier":"II","token":"6.2\/II","url":"\/6.2\/II\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53152,"edition_id":2,"name":"Financial Institutions and Services","identifier":"6.2","label":"title","depth":1,"order_by":10,"parent_id":null,"metadata":{"child_laws":961,"child_structures":89},"date_created":"2026-08-02 03:11:41","date_modified":"2026-08-02 12:27:53","permalink":{"id":1490251,"object_type":"structure","relational_id":53152,"identifier":"6.2","token":"6.2","url":"\/6.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":374286,"structure_id":53222,"section_number":"6.2-604","catch_line":"Definitions","url":"\/6.2-604\/","token":"6.2\/II\/6\/2\/6.2-604","metadata":false},{"id":374287,"structure_id":53222,"section_number":"6.2-605","catch_line":"Applicability","url":"\/6.2-605\/","token":"6.2\/II\/6\/2\/6.2-605","metadata":false},{"id":374288,"structure_id":53222,"section_number":"6.2-606","catch_line":"Ownership during lifetime; garnishment, attachment, or levy","url":"\/6.2-606\/","token":"6.2\/II\/6\/2\/6.2-606","metadata":false},{"id":374289,"structure_id":53222,"section_number":"6.2-607","catch_line":"Effect of divorce","url":"\/6.2-607\/","token":"6.2\/II\/6\/2\/6.2-607","metadata":false},{"id":374290,"structure_id":53222,"section_number":"6.2-608","catch_line":"Right of survivorship","url":"\/6.2-608\/","token":"6.2\/II\/6\/2\/6.2-608","metadata":{"court_decisions":""}},{"id":374291,"structure_id":53222,"section_number":"6.2-609","catch_line":"Change of form of account upon written order to financial institution","url":"\/6.2-609\/","token":"6.2\/II\/6\/2\/6.2-609","metadata":false},{"id":374292,"structure_id":53222,"section_number":"6.2-610","catch_line":"Transfers arising from right of survivorship nontestamentary","url":"\/6.2-610\/","token":"6.2\/II\/6\/2\/6.2-610","metadata":false},{"id":374293,"structure_id":53222,"section_number":"6.2-611","catch_line":"Liability of surviving party for debts and other liabilities of decedent's estate","url":"\/6.2-611\/","token":"6.2\/II\/6\/2\/6.2-611","metadata":{"court_decisions":""}},{"id":374294,"structure_id":53222,"section_number":"6.2-612","catch_line":"Financial institution duties; multiple-party accounts; multiple-fiduciary accounts","url":"\/6.2-612\/","token":"6.2\/II\/6\/2\/6.2-612","metadata":{"court_decisions":""}},{"id":374295,"structure_id":53222,"section_number":"6.2-613","catch_line":"Payment of sums in joint account","url":"\/6.2-613\/","token":"6.2\/II\/6\/2\/6.2-613","metadata":false},{"id":374296,"structure_id":53222,"section_number":"6.2-614","catch_line":"Payment of P.O.D. account","url":"\/6.2-614\/","token":"6.2\/II\/6\/2\/6.2-614","metadata":{"court_decisions":""}},{"id":374298,"structure_id":53222,"section_number":"6.2-615","catch_line":"Payment of trust account","url":"\/6.2-615\/","token":"6.2\/II\/6\/2\/6.2-615","metadata":false},{"id":374297,"structure_id":53222,"section_number":"6.2-615.1","catch_line":"Payment of multiple-fiduciary account","url":"\/6.2-615.1\/","token":"6.2\/II\/6\/2\/6.2-615.1","metadata":false},{"id":374299,"structure_id":53222,"section_number":"6.2-616","catch_line":"Discharge of financial institution upon payment","url":"\/6.2-616\/","token":"6.2\/II\/6\/2\/6.2-616","metadata":{"court_decisions":""}},{"id":374300,"structure_id":53222,"section_number":"6.2-617","catch_line":"Setoff by financial institution against account","url":"\/6.2-617\/","token":"6.2\/II\/6\/2\/6.2-617","metadata":{"court_decisions":""}},{"id":374301,"structure_id":53222,"section_number":"6.2-618","catch_line":"Identification of joint accounts","url":"\/6.2-618\/","token":"6.2\/II\/6\/2\/6.2-618","metadata":false},{"id":374302,"structure_id":53222,"section_number":"6.2-619","catch_line":"Certain duties of parties to joint accounts in financial institutions","url":"\/6.2-619\/","token":"6.2\/II\/6\/2\/6.2-619","metadata":{"court_decisions":{"0":{"name":"Ayers v. Shaffer","case_number":"122043","citation":null,"date":"2013-09-12","url":"https:\/\/www.courtlistener.com\/opinion\/1057726\/ayers-v-shaffer\/","abstract":" .\u202f.\u202f. Present: Kinser, C.J., and Lemons, Goodwyn, Millette, Mims, .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"1":{"name":"Gelber v. Glock","case_number":"Record No. 160500","citation":"800 S.E.2d 800","date":"2017-06-22","url":"https:\/\/www.courtlistener.com\/opinion\/7477567\/gelber-v-glock\/","abstract":" .\u202f.\u202f. OPINION BY JUSTICE ELIZABETH A. McCLANAHAN .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"2":{"name":"Gelber v. Glock","case_number":"160500","citation":null,"date":"2017-06-22","url":"https:\/\/www.courtlistener.com\/opinion\/4402577\/gelber-v-glock\/","abstract":" .\u202f.\u202f. PRESENT: All the Justices .\u202f.\u202f. ","court_html":"SCV<\/abbr>"}}}},{"id":374303,"structure_id":53222,"section_number":"6.2-620","catch_line":"Application of article to accounts existing on July 1, 1980","url":"\/6.2-620\/","token":"6.2\/II\/6\/2\/6.2-620","metadata":false}],"previous_section":{"id":374302,"structure_id":53222,"section_number":"6.2-619","catch_line":"Certain duties of parties to joint accounts in financial institutions","url":"\/6.2-619\/","token":"6.2\/II\/6\/2\/6.2-619","metadata":{"court_decisions":{"0":{"name":"Ayers v. Shaffer","case_number":"122043","citation":null,"date":"2013-09-12","url":"https:\/\/www.courtlistener.com\/opinion\/1057726\/ayers-v-shaffer\/","abstract":" .\u202f.\u202f. Present: Kinser, C.J., and Lemons, Goodwyn, Millette, Mims, .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"1":{"name":"Gelber v. Glock","case_number":"Record No. 160500","citation":"800 S.E.2d 800","date":"2017-06-22","url":"https:\/\/www.courtlistener.com\/opinion\/7477567\/gelber-v-glock\/","abstract":" .\u202f.\u202f. OPINION BY JUSTICE ELIZABETH A. McCLANAHAN .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"2":{"name":"Gelber v. Glock","case_number":"160500","citation":null,"date":"2017-06-22","url":"https:\/\/www.courtlistener.com\/opinion\/4402577\/gelber-v-glock\/","abstract":" .\u202f.\u202f. PRESENT: All the Justices .\u202f.\u202f. ","court_html":"SCV<\/abbr>"}}}},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/6.2-620\/","history_text":"

This law was first created in 1979. The record of its establishment is cataloged in chapter 407 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1979 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2010, chapter 794<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1491997,"object_type":"law","relational_id":374303,"identifier":"6.2-620","token":"6.2\/II\/6\/2\/6.2-620","url":"\/6.2-620\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/6.2-620\/","token":"6.2\/II\/6\/2\/6.2-620","dublin_core":{"Title":"Application of article to accounts existing on July 1, 1980","Type":"Text","Format":"text\/html","Identifier":"\u00a7 6.2-620","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Unless otherwise provided in this article, the provisions of this article shall be applicable to all multiple-party<\/span> accounts<\/span> in every financial institution<\/span> in the Commonwealth on July 1, 1980, regardless of when such multiple-party<\/span> accounts<\/span> might have been opened or created. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Nothing in this article shall affect the common-law<\/span> presumption<\/span> of convenience now existing between persons<\/span> not married to each other in joint accounts<\/span> that were created prior to July 1, 1980, insofar as the ownership of the funds, whenever deposited, during their joint lifetime or their right of survivorship therein are concerned. Issues<\/span> regarding ownership of such funds shall continue to be decided pursuant to the precedents<\/span> of the Virginia Supreme Court<\/span>. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nAPPLICATION OF ARTICLE TO ACCOUNTS EXISTING ON JULY 1, 1980 (\u00a7 6.2-620)\n\nA. Unless otherwise provided in this article, the provisions of this article\nshall be applicable to all multiple-party accounts in every financial\ninstitution in the Commonwealth on July 1, 1980, regardless of when such\nmultiple-party accounts might have been opened or created.\n\nB. Nothing in this article shall affect the common-law presumption of\nconvenience now existing between persons not married to each other in joint\naccounts that were created prior to July 1, 1980, insofar as the ownership of\nthe funds, whenever deposited, during their joint lifetime or their right of\nsurvivorship therein are concerned. Issues regarding ownership of such funds\nshall continue to be decided pursuant to the precedents of the Virginia Supreme\nCourt.\n\nHISTORY: 1979, c. 407, \u00a7 6.1-125.16; 2010, c. 794.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}