CHAPTER 379

An Act to amend and reenact § 6.1-71 of the Code of Virginia, relating to
the disposition of certain funds of deceased persons by banks and trust
companies.

[S 269]

Approved April 2, 1968

Be it enacted by the General Assembly of Virginia:

1. That § 6.1-71 of the Code of Virginia be amended and reenacted as
follows:

§ 6.1-71. Payment of small balance to next of kin of decedent.—
When the balance in any bank or trust company to the credit of a deceased
person, upon whose estate there shall have been no qualification, shall not
exceed one thousand dollars, it shall be lawful for such bank or trust com-
pany, after one hundred and twenty days from the death of such person, to
pay such balance to his or her spouse, and if none, to his or her next of kin,
whose receipt therefor shall be a full discharge and acquittance to such
bank or trust company to all persons whomsoever on account of such
deposit; provided, such sum, not exceeding * three hundred dollars, after
thirty days from the death of such person, at the request of the consort, or
if no consort, then the next of kin, may be paid to the undertaker or mor-
tuary handling the funeral of such decedent and a receipt of the payee shall
be a full and final release of the payor.