§ 19-9-14 - Deposits payable to survivor.
SECTION 19-9-14
§ 19-9-14 Deposits payable to survivor.– When a deposit has been or shall be made in any regulated institution in thename of two (2) persons and payable to either or to the survivor, the deposit,or any part of the deposit, or any interest or dividend on the deposit, may bepaid to either of those persons, whether the other is living or not, or to theguardian, executor, or administrator of the survivor, and the receipt of theperson so paid shall be valid and sufficient release and discharge on accountof the payment so made.