KRS 391.305: Ownership as between parties and others -- Protection of financial

institutions.

The provisions of KRS 391.310 to 391.320 concerning beneficial ownership as between

parties, or as between parties and P.O.D. payees or beneficiaries of multiple -party

accounts, are relevant only to controversies between these persons and their creditors and

other successors, and have no bearing on the power of withdrawal of these persons as

determined by the terms of account contracts. The provisions of KRS 391.335 to 391.360

govern the liability of financial institutions who make payments pursuant thereto, and

their set-off rights.