CHAPTER 566

An Act to amend the Code of Virginia by adding in Article 2 of Chapter
8.1 of Title 6 a section numbered 6-201.26:1, relating to certain with-
drawable shares with savings and loan associations payable on death.

[H 627]
Approved March 31, 1962

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia be amended by adding in Article 2 of
Chapter 3.1 of Title 6 a section numbered 6-201.26:1, 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 withdraw
any or all of such shares during his lifetime, and after his death the
association may pay the share balance in such account to the named
survivor or survivors.