CHAPTER 529

An Act to amend and reenact § 6-201.26 of the Code of Virginia, relating
to payment of small share balances to next of kin of decedents by
saving and loan associations.

[H 523]

Approved March 31, 1962

Be it enacted by the General Assembly of Virginia:

1. That § 6-201.26 of the Code of Virginia be amended and reenacted
as follows:

§ 6-201.26. When the share balance of a deceased person upon whose
estate there has been no qualification does not exceed * one thousand dollars,
it shall be lawful for the association, after one hundred twenty days from
the death of such person, to pay such balance to his next of kin, whose
receipt therefor shall be a full discharge and acquittance of the association
as to all persons on account of such balance.