Va. Code § 6.2-607: Effect of divorce
Where this section sits in the code
- Title 6.2. FINANCIAL INSTITUTIONS AND SERVICES
- Subtitle II. DEPOSITORY INSTITUTIONS AND TRUST ORGANIZATIONS
- Chapter 6. DEPOSITS AND ACCOUNTS
- Article 2. MULTIPLE-PARTY ACCOUNTS
Upon the entry of a decree of divorce, either a mensa et thoro or a vinculo matrimonii, all rights of either consort in any multiple-party account then existing between them, including the right of survivorship, shall be extinguished; and any joint account then existing between the consorts shall thereupon be converted into a tenancy in common, in the proportions provided in subsection A of § 6.2-606, unless otherwise ordered by the court.1979, c. 407, § 6.1-125.4; 2010, c. 794.
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