18-A §6-108. Financial institution protection; payment on signature of one party
Title 18-A: PROBATE CODE
Article 6: NONPROBATE TRANSFERS
Part 1: MULTIPLE-PARTY ACCOUNTS
§6-108. Financial institution protection; payment on signature of one party
Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Any multiple-party account may be paid, on request, to any one or more of the parties. A financial institution shall not be required to inquire as to the source of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions. [1979, c. 540, §1 (NEW).]
SECTION HISTORY
1979, c. 540, §1 (NEW).