GroundRules
D.C. Code § 19-602.21: Authority of financial institution.
Where this section sits in the code
- Title 19. Descent, Distribution, and Trusts. [Enacted title]
- Chapter 6. Nonprobate Transfers on Death; Uniform Law.
- Subchapter II. Multiple-Person Accounts.
- Part C. Protection Of Financial Institutions.
A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract of deposit for a single-party account, and may provide for a POD designation and an agency designation in either a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.
Collected 2026-08-29T05:44:07Z. Source file · JSON