GroundRules
D.C. Code § 19-602.23: Payment on POD designation.
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, on request, may pay sums on deposit in an account with a POD designation to:
(1)
One or more of the parties, whether or not another party has a disability, is incapacitated, or deceased when the payment is requested and whether or not a party survives another party;
(2)
The beneficiary or beneficiaries, if proof of death is presented to the financial institution showing that the beneficiary or beneficiaries survived all persons named as parties; or
(3)
The personal representative, if any, or, if there is none, the heirs or devisees of a deceased party, if proof of death is presented to the financial institution showing that the deceased party was the survivor of all other persons named on the account, either as a party or beneficiary.
Collected 2026-08-29T05:44:07Z. Source file · JSON