533.310 - DEPOSITS IN THE NAMES OF TWO OR MORE INDIVIDUALS.
533.310 DEPOSITS IN THE NAMES OF TWO OR MORE INDIVIDUALS. When a deposit is made in a state credit union in the names of two or more individuals that is payable to any one or more of them or is payable to the survivor or survivors, the deposit, including interest, or any part, may be paid to any one or more of the individuals, whether or not the others are living. The receipt or a quittance of the individuals who are paid is a valid and sufficient release and discharge of the state credit union for any payment made pursuant to this section.
Section History: Recent Form 2007 Acts, ch 174, §41