CHAPTER 175
An Act to amend and reenact § 6-201.26:1 of the Code of Virginia, re-
lating to shares payable to a named survivor or survivors. 5 63)
Approved March 5, 1964
Be it enacted by the General Assembly of Virginia:
1. That § 6-201.26:1 of the Code of Virginia is amended and reenacted
as follows:
§ 6-201.26:1. Shares may be issued to a shareholder payable on
his death to a named survivor or survivors. The shareholder may with-
draw any or all of such shares during his lifetime, and sixty days after his
death the association may pay the share balance in such account to the
named survivor or survivors. An association paying a named survivor or
survivors in accordance with the provisions of this section shall not thereby
become liable for any estate or inheritance taxes nor shall such associa-
tion be liable for the amount thereof to any other person whomsoever.