72-6-203. Types of account -- existing accounts.
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/mt/title-72/chapter-6/part-2/72-6-203·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-6-203 . Types of account -- existing accounts.
(1)An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship between the parties. Subject to 72-6-212 (3), either a single-party account or a multiple-party account may have a POD designation, an agency designation, or both.
(2)An account established before, on, or after October 1, 1993, whether in the form prescribed in 72-6-204 or in any other form, is either a single-party account or a multiple-party account, with or without right of survivorship and with or without a POD designation or an agency designation, within the meaning of this part, and is governed by this part.