Section 17-504 - Authorized accounts.
§ 17-504. Authorized accounts.
Unless the owner and beneficial owner give written instructions to the contrary, a real estate broker may deposit trust money in:
(1) a noninterest bearing checking account;
(2) a noninterest bearing savings account; or
(3) any combination of these accounts.
[An. Code 1957, art. 56A, § 4-504; 1989, ch. 3, § 1; ch. 597; 1994, ch. 3, § 13; 1995, ch. 58, § 2.]