{"data":{"id":"us-al/ala.-code-5-24-3","jurisdiction":"us-al","citation":"Ala. Code § 5-24-3","heading":"Types of Account; Existing Accounts.","body":"(a) An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to subsection (c) of Section 5-24-12, either a single-party account or a multiple-party account may have a POD designation, an agency designation, or both.\n(b) An account established before, on, or after March 1, 1998, whether in the form prescribed in Section 5-24-4 or in any other form, is either a single-party account or a multiple-party account, with or without right of survivorship, and with or without a POD designation or an agency designation, within the meaning of this chapter, and is governed by this chapter.","path":["Title 5 Banks and Financial Institutions.","Chapter 24 Uniform Multiple-Person Accounts Act.","Article 1 Definitions and General Provisions."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=5-24-3","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"589458aaeeeef1e579e22d6bb80bcb320cd05c497df0b0f13875352e4525730f","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-5-24-2","next":"us-al/ala.-code-5-24-4"},"notice":"GroundRules: Original legal text. Not legal advice."}