17:16I-6. Determination of rights at death of party; alteration of form of account; notice or order to financial institution
99 words·~1 min read·
/nj/title-17/chapter-16i/17-16i-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The provisions of section 5 as to rights of survivorship are determined by the form of the account at the death of a party. This form may be altered by written notice or order given by a party to the financial institution to change the form of the account or to stop or vary payment under the terms of the account. The order or request must be signed by a party, received by the financial institution during the party's lifetime, and not countermanded by other written order of the same party during his lifetime.
L.1979, c. 491, s. 6.