TITLE 15

UNIFORM PROBATE CODE

CHAPTER 6

NONPROBATE TRANSFERS

PART 1.

MULTIPLE-PARTY ACCOUNTS

15-6-108.  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 (1) 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of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions.

History:

[I.C., sec. 15-6-108, as added by 1971, ch. 111, sec. 1, p. 233.]