{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/64.2-1629.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/64.2-1629.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/64.2-1629.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/64.2-1629.html"}],"law_id":375963,"edition_id":2,"section_id":375963,"structure_id":53464,"section_number":"64.2-1629","catch_line":"Banks and other financial institutions","history":"2010, cc. 455, 632, \u00a7 26-102; 2012, c. 614.","full_text":"Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to banks and other financial institutions authorizes the agent to:\n\n1\n\nContinue, modify, and terminate an account or other banking arrangement made by or on behalf of the principal;\n\n2\n\nEstablish, modify, and terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, brokerage firm, or other financial institution selected by the agent;\n\n3\n\nContract for services available from a financial institution, including renting a safe deposit box or space in a vault;\n\n4\n\nWithdraw, by check, order, electronic funds transfer, or otherwise, money or property of the principal deposited with or left in the custody of a financial institution;\n\n5\n\nReceive statements of account, vouchers, notices, and similar documents from a financial institution and act with respect to them;\n\n6\n\nEnter a safe deposit box or vault and withdraw or add to the contents;\n\n7\n\nBorrow money and pledge as security personal property of the principal necessary to borrow money or pay, renew, or extend the time of payment of a debt of the principal or a debt guaranteed by the principal;\n\n8\n\nMake, assign, draw, endorse, discount, guarantee, and negotiate promissory notes, checks, drafts, and other negotiable or nonnegotiable paper of the principal or payable to the principal or the principal’s order, transfer money, receive the cash or other proceeds of those transactions, and accept a draft drawn by a person upon the principal and pay it when due;\n\n9\n\nReceive for the principal and act upon a sight draft, warehouse receipt, or other document of title whether tangible or electronic, or other negotiable or nonnegotiable instrument;\n\n10\n\nApply for, receive, and use letters of credit, credit and debit cards, electronic transaction authorizations, and traveler’s checks from a financial institution and give an indemnity or other agreement in connection with letters of credit; and\n\n11\n\nConsent to an extension of the time of payment with respect to commercial paper or a financial transaction with a financial institution.\n\n","order_by":null,"text":{"0":{"id":1403717,"text":"Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to banks and other financial institutions authorizes the agent to:","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1,"next_prefix":"1"},"1":{"id":1403718,"text":"Continue, modify, and terminate an account or other banking arrangement made by or on behalf of the principal;","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"prior_prefix":"","next_prefix":"2"},"2":{"id":1403719,"text":"Establish, modify, and terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, brokerage firm, or other financial institution selected by the agent;","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"3":{"id":1403720,"text":"Contract for services available from a financial institution, including renting a safe deposit box or space in a vault;","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2","next_prefix":"4"},"4":{"id":1403721,"text":"Withdraw, by check, order, electronic funds transfer, or otherwise, money or property of the principal deposited with or left in the custody of a financial institution;","type":"section","prefixes":["4"],"prefix":"4","entire_prefix":"4","prefix_anchor":"4","level":1,"prior_prefix":"3","next_prefix":"5"},"5":{"id":1403722,"text":"Receive statements of account, vouchers, notices, and similar documents from a financial institution and act with respect to them;","type":"section","prefixes":["5"],"prefix":"5","entire_prefix":"5","prefix_anchor":"5","level":1,"prior_prefix":"4","next_prefix":"6"},"6":{"id":1403723,"text":"Enter a safe deposit box or vault and withdraw or add to the contents;","type":"section","prefixes":["6"],"prefix":"6","entire_prefix":"6","prefix_anchor":"6","level":1,"prior_prefix":"5","next_prefix":"7"},"7":{"id":1403724,"text":"Borrow money and pledge as security personal property of the principal necessary to borrow money or pay, renew, or extend the time of payment of a debt of the principal or a debt guaranteed by the principal;","type":"section","prefixes":["7"],"prefix":"7","entire_prefix":"7","prefix_anchor":"7","level":1,"prior_prefix":"6","next_prefix":"8"},"8":{"id":1403725,"text":"Make, assign, draw, endorse, discount, guarantee, and negotiate promissory notes, checks, drafts, and other negotiable or nonnegotiable paper of the principal or payable to the principal or the principal’s order, transfer money, receive the cash or other proceeds of those transactions, and accept a draft drawn by a person upon the principal and pay it when due;","type":"section","prefixes":["8"],"prefix":"8","entire_prefix":"8","prefix_anchor":"8","level":1,"prior_prefix":"7","next_prefix":"9"},"9":{"id":1403726,"text":"Receive for the principal and act upon a sight draft, warehouse receipt, or other document of title whether tangible or electronic, or other negotiable or nonnegotiable instrument;","type":"section","prefixes":["9"],"prefix":"9","entire_prefix":"9","prefix_anchor":"9","level":1,"prior_prefix":"8","next_prefix":"10"},"10":{"id":1403727,"text":"Apply for, receive, and use letters of credit, credit and debit cards, electronic transaction authorizations, and traveler’s checks from a financial institution and give an indemnity or other agreement in connection with letters of credit; and","type":"section","prefixes":["10"],"prefix":"10","entire_prefix":"10","prefix_anchor":"10","level":1,"prior_prefix":"9","next_prefix":"11"},"11":{"id":1403728,"text":"Consent to an extension of the time of payment with respect to commercial paper or a financial transaction with a financial institution.","type":"section","prefixes":["11"],"prefix":"11","entire_prefix":"11","prefix_anchor":"11","level":1,"prior_prefix":"10"}},"ancestry":[{"id":53464,"edition_id":2,"name":"Authority","identifier":"2","label":"article","depth":5,"order_by":2,"parent_id":53462,"metadata":{"child_laws":17,"child_structures":0},"date_created":"2026-08-02 03:16:49","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502249,"object_type":"structure","relational_id":53464,"identifier":"2","token":"64.2\/IV\/B\/16\/2","url":"\/64.2\/IV\/B\/16\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53462,"edition_id":2,"name":"Uniform Power of Attorney Act","identifier":"16","label":"chapter","depth":4,"order_by":1,"parent_id":53461,"metadata":{"child_laws":43,"child_structures":4},"date_created":"2026-08-02 03:16:47","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502157,"object_type":"structure","relational_id":53462,"identifier":"16","token":"64.2\/IV\/B\/16","url":"\/64.2\/IV\/B\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53461,"edition_id":2,"name":"Powers of Attorney","identifier":"B","label":"part","depth":3,"order_by":2,"parent_id":53453,"metadata":{"child_laws":43,"child_structures":5},"date_created":"2026-08-02 03:16:47","date_modified":"2026-08-02 12:37:21","permalink":{"id":1502155,"object_type":"structure","relational_id":53461,"identifier":"B","token":"64.2\/IV\/B","url":"\/64.2\/IV\/B\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53453,"edition_id":2,"name":"Fiduciaries and Guardians","identifier":"IV","label":"subtitle","depth":2,"order_by":4,"parent_id":53424,"metadata":{"child_laws":215,"child_structures":27},"date_created":"2026-08-02 03:16:39","date_modified":"2026-08-02 12:37:18","permalink":{"id":1501815,"object_type":"structure","relational_id":53453,"identifier":"IV","token":"64.2\/IV","url":"\/64.2\/IV\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53424,"edition_id":2,"name":"Wills, Trusts, and Fiduciaries","identifier":"64.2","label":"title","depth":1,"order_by":136,"parent_id":null,"metadata":{"child_laws":776,"child_structures":114},"date_created":"2026-08-02 03:16:27","date_modified":"2026-08-02 12:37:05","permalink":{"id":1499783,"object_type":"structure","relational_id":53424,"identifier":"64.2","token":"64.2","url":"\/64.2\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":375956,"structure_id":53464,"section_number":"64.2-1622","catch_line":"Authority that requires specific grant; grant of general authority","url":"\/64.2-1622\/","token":"64.2\/IV\/B\/16\/2\/64.2-1622","metadata":false},{"id":375957,"structure_id":53464,"section_number":"64.2-1623","catch_line":"Incorporation of authority","url":"\/64.2-1623\/","token":"64.2\/IV\/B\/16\/2\/64.2-1623","metadata":false},{"id":375958,"structure_id":53464,"section_number":"64.2-1624","catch_line":"Construction of authority generally","url":"\/64.2-1624\/","token":"64.2\/IV\/B\/16\/2\/64.2-1624","metadata":false},{"id":375959,"structure_id":53464,"section_number":"64.2-1625","catch_line":"Real property","url":"\/64.2-1625\/","token":"64.2\/IV\/B\/16\/2\/64.2-1625","metadata":false},{"id":375960,"structure_id":53464,"section_number":"64.2-1626","catch_line":"Tangible personal property","url":"\/64.2-1626\/","token":"64.2\/IV\/B\/16\/2\/64.2-1626","metadata":false},{"id":375961,"structure_id":53464,"section_number":"64.2-1627","catch_line":"Stocks and bonds","url":"\/64.2-1627\/","token":"64.2\/IV\/B\/16\/2\/64.2-1627","metadata":false},{"id":375962,"structure_id":53464,"section_number":"64.2-1628","catch_line":"Commodities and options","url":"\/64.2-1628\/","token":"64.2\/IV\/B\/16\/2\/64.2-1628","metadata":false},{"id":375963,"structure_id":53464,"section_number":"64.2-1629","catch_line":"Banks and other financial institutions","url":"\/64.2-1629\/","token":"64.2\/IV\/B\/16\/2\/64.2-1629","metadata":false},{"id":375964,"structure_id":53464,"section_number":"64.2-1630","catch_line":"Operation of entity or business","url":"\/64.2-1630\/","token":"64.2\/IV\/B\/16\/2\/64.2-1630","metadata":false},{"id":375965,"structure_id":53464,"section_number":"64.2-1631","catch_line":"Insurance and annuities","url":"\/64.2-1631\/","token":"64.2\/IV\/B\/16\/2\/64.2-1631","metadata":false},{"id":375966,"structure_id":53464,"section_number":"64.2-1632","catch_line":"Estates, trusts, and other beneficial interests","url":"\/64.2-1632\/","token":"64.2\/IV\/B\/16\/2\/64.2-1632","metadata":false},{"id":375967,"structure_id":53464,"section_number":"64.2-1633","catch_line":"Claims and litigation","url":"\/64.2-1633\/","token":"64.2\/IV\/B\/16\/2\/64.2-1633","metadata":false},{"id":375968,"structure_id":53464,"section_number":"64.2-1634","catch_line":"Personal and family maintenance","url":"\/64.2-1634\/","token":"64.2\/IV\/B\/16\/2\/64.2-1634","metadata":false},{"id":375969,"structure_id":53464,"section_number":"64.2-1635","catch_line":"Benefits from governmental programs or civil or military service","url":"\/64.2-1635\/","token":"64.2\/IV\/B\/16\/2\/64.2-1635","metadata":false},{"id":375970,"structure_id":53464,"section_number":"64.2-1636","catch_line":"Retirement plans","url":"\/64.2-1636\/","token":"64.2\/IV\/B\/16\/2\/64.2-1636","metadata":false},{"id":375971,"structure_id":53464,"section_number":"64.2-1637","catch_line":"Taxes","url":"\/64.2-1637\/","token":"64.2\/IV\/B\/16\/2\/64.2-1637","metadata":false},{"id":375972,"structure_id":53464,"section_number":"64.2-1638","catch_line":"Gifts","url":"\/64.2-1638\/","token":"64.2\/IV\/B\/16\/2\/64.2-1638","metadata":false}],"previous_section":{"id":375962,"structure_id":53464,"section_number":"64.2-1628","catch_line":"Commodities and options","url":"\/64.2-1628\/","token":"64.2\/IV\/B\/16\/2\/64.2-1628","metadata":false},"next_section":{"id":375964,"structure_id":53464,"section_number":"64.2-1630","catch_line":"Operation of entity or business","url":"\/64.2-1630\/","token":"64.2\/IV\/B\/16\/2\/64.2-1630","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/64.2-1629\/","history_text":"

This law was first created in 2010. The record of its establishment is cataloged in chapters 455<\/a> and 632<\/a> 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. 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 2012, chapter 614<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1502279,"object_type":"law","relational_id":375963,"identifier":"64.2-1629","token":"64.2\/IV\/B\/16\/2\/64.2-1629","url":"\/64.2-1629\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/64.2-1629\/","token":"64.2\/IV\/B\/16\/2\/64.2-1629","dublin_core":{"Title":"Banks and other financial institutions","Type":"Text","Format":"text\/html","Identifier":"\u00a7 64.2-1629","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Unless the power of attorney<\/span> otherwise provides, language in a power of attorney<\/span> granting general authority with respect to banks and other financial institutions authorizes the agent<\/span> to:<\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> Continue, modify, and terminate an account or other banking arrangement made by or on behalf of the principal<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> Establish, modify, and terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, brokerage firm, or other financial institution selected by the agent<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> Contract<\/span> for services available from a financial institution, including renting a safe deposit box or space in a vault; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> Withdraw, by check, order<\/span>, electronic<\/span> funds transfer, or otherwise, money or property<\/span> of the principal<\/span> deposited with or left in the custody<\/span> of a financial institution; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> Receive statements of account, vouchers, notices, and similar documents from a financial institution and act with respect to them; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> Enter a safe deposit box or vault and withdraw or add to the contents; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

7.<\/span> Borrow money and pledge as security personal property<\/span> of the principal<\/span> necessary to borrow money or pay, renew, or extend the time of payment of a debt of the principal<\/span> or a debt guaranteed by the principal<\/span>; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

8.<\/span> Make, assign, draw, endorse, discount, guarantee, and negotiate promissory notes, checks, drafts, and other negotiable or nonnegotiable paper of the principal<\/span> or payable to the principal<\/span> or the principal<\/span>’s order<\/span>, transfer money, receive the cash or other proceeds of those transactions, and accept a draft drawn by a person<\/span> upon the principal<\/span> and pay it when due; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

9.<\/span> Receive for the principal<\/span> and act upon a sight draft, warehouse receipt, or other document of title whether tangible or electronic<\/span>, or other negotiable or nonnegotiable instrument; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

10.<\/span> Apply for, receive, and use letters of credit, credit and debit cards, electronic<\/span> transaction authorizations, and traveler’s checks from a financial institution and give an indemnity or other agreement in connection with letters of credit; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

11.<\/span> Consent to an extension of the time of payment with respect to commercial paper or a financial transaction with a financial institution. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nBANKS AND OTHER FINANCIAL INSTITUTIONS (\u00a7 64.2-1629)\n\nUnless the power of attorney otherwise provides, language in a power of attorney\ngranting general authority with respect to banks and other financial\ninstitutions authorizes the agent to:\n\n1. Continue, modify, and terminate an account or other banking arrangement made\nby or on behalf of the principal;\n\n2. Establish, modify, and terminate an account or other banking arrangement with\na bank, trust company, savings and loan association, credit union, thrift\ncompany, brokerage firm, or other financial institution selected by the agent;\n\n3. Contract for services available from a financial institution, including\nrenting a safe deposit box or space in a vault;\n\n4. Withdraw, by check, order, electronic funds transfer, or otherwise, money or\nproperty of the principal deposited with or left in the custody of a financial\ninstitution;\n\n5. Receive statements of account, vouchers, notices, and similar documents from\na financial institution and act with respect to them;\n\n6. Enter a safe deposit box or vault and withdraw or add to the contents;\n\n7. Borrow money and pledge as security personal property of the principal\nnecessary to borrow money or pay, renew, or extend the time of payment of a debt\nof the principal or a debt guaranteed by the principal;\n\n8. Make, assign, draw, endorse, discount, guarantee, and negotiate promissory\nnotes, checks, drafts, and other negotiable or nonnegotiable paper of the\nprincipal or payable to the principal or the principal’s order, transfer\nmoney, receive the cash or other proceeds of those transactions, and accept a\ndraft drawn by a person upon the principal and pay it when due;\n\n9. Receive for the principal and act upon a sight draft, warehouse receipt, or\nother document of title whether tangible or electronic, or other negotiable or\nnonnegotiable instrument;\n\n10. Apply for, receive, and use letters of credit, credit and debit cards,\nelectronic transaction authorizations, and traveler’s checks from a\nfinancial institution and give an indemnity or other agreement in connection\nwith letters of credit; and\n\n11. Consent to an extension of the time of payment with respect to commercial\npaper or a financial transaction with a financial institution.\n\nHISTORY: 2010, cc. 455, 632, \u00a7 26-102; 2012, c. 614.","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"}}