17:16I-16. Deposit contracts; form and content
81 words·~1 min read·
/nj/title-17/chapter-16i/17-16i-16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Commissioner of Banking shall prescribe by rule or regulation the form and content of deposit contracts applicable to deposits of funds which may be subject to this act for the object of assuring to the extent possible that each such contract bears out the intentions of the persons who are named in the account, particularly in respect to the rights of survivorship and whether or not such rights of survivorship are intended to be created.
L.1979, c. 491, s. 16.