§ 19-9-12 - Trust deposits – Death of trustee.
SECTION 19-9-12
§ 19-9-12 Trust deposits – Death oftrustee. – If a deposit is made with any regulated institution by one person in trust foranother, the name and residence of the person for whom it is made shall bedisclosed, and it shall be credited to the depositor as trustee for thatperson. If no other motive of the existence and terms of a trust has been givenin writing to the regulated institution, the deposit, with the interestthereon, may, in case of the death of the trustee, be paid to the person forwhom the deposit was made or to that person's legal representative.