GroundRules
72-6-221: Authority of financial institution.
Where this section sits in the code
- TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS
- CHAPTER 6. NONPROBATE TRANSFERS ON DEATH
- Part 2. Multiple-Party Accounts
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 2026-09-14T04:59:08Z. Source file · JSON