CHAP. 299.—An ACT relative to payment and custody of deposits in two
or more names.

Approved March 14, 1912.

1. Be it enacted by the general assembly of Virginia, That
when a deposit has been made, or shall hereafter be made, in
any bank, trust company or private banking concern transacting
business in this State, under the names of two or more persons,
payable to either, or payable to either of the survivors, such de-
posit, or any part thereof, or any interest or dividend thereon,
may be paid to either of said persons, whether the other or others
be living or not, and the receipt or acquittance of the person so
paid shall be a valid, sufficient and complete release and dis-
charge of the bank, trust company or private banking concern
for any payment so made.

2. That when a safety-deposit box shall have been hired, or
shall hereafter be hired, from any bank, trust company or pri-
vate banking concern transacting business in this State, under
the name of two or more persons, with the right of access being
given to either, or with access to either of the survivor or sur-
vivors of said persons, such survivor or survivors, whether the
other or others be living or not, shall have the right of access to
such deposit vault, and may remove therefrom the contents of
said box; provided, that in all cases where such removal shall
have been made, the said bank, trust company or private bank-
Ing concern shall be exempt from any liability for permitting
the said survivor or survivors access thereto.