15-6-108. Financial institution protection — Payment on signature of one party.
78 words·~1 min read·
/id/title-15-uniform-probate-code/chapter-6-nonprobate-transfers/15-6-108·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account, for purposes of establishing net contributions.