75-6-109. Financial institution protection -- Payment after death or disability -- Joint account.

100 words·~1 min read·/ut/title-75/chapter-6/75-6-109

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any sums in a joint account may be paid, on request, to any party without regard to whether any other party is incapacitated or deceased at the time the payment is demanded; but payment may not be made to the personal representative or heirs of a deceased party unless proofs of death are presented to the financial institution showing that the decedent was the last surviving party or unless there is no right of survivorship under Section 75-6-104 .

Enacted by Chapter 150 , 1975 General Session