Sec. 13.33.221. Authority of financial institution.
84 words·~1 min read·
/ak/title-13/chapter-33/13-33-221A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 13.33.221. Authority of financial institution.
A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract of deposit for a single-party account and may provide for a POD designation and an agency designation in either a single-party account or a multiple-party account. A financial institution need not inquire as to the source of a deposit to an account or as to the proposed application of a payment from an account.