15-6-102. Ownership as between parties, and others — Protection of financial institutions.
87 words·~1 min read·
/id/title-15-uniform-probate-code/chapter-6-nonprobate-transfers/15-6-102·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The provisions of sections
15-6-103
through
15-6-105
of this Part concerning beneficial ownership as between parties, or as between parties and P.O.D. payees or beneficiaries of multiple-party accounts, are relevant only to controversies between these persons and their creditors and other successors, and have no bearing on the power of withdrawal of these persons as determined by the terms of account contracts. The provisions of sections
15-6-108
through
15-6-113
of this Part govern the liability of financial institutions who make payments pursuant thereto, and their set-off rights.