The provisions of Code Section 7-1-813 as to rights of survivorship are determined by the form of the account at the death of a party. Once established, the terms of a multiple-party account can be changed only:
(1) By closing the account and reopening it under different terms; or
(2) By presentation to the financial institution of a modification agreement in a form satisfactory to the financial institution and signed by all parties with a present right of withdrawal.
Section: Previous 7-1-810 7-1-811 7-1-812 7-1-813 7-1-814 7-1-815 7-1-816 7-1-817 7-1-818 7-1-819 7-1-820 7-1-821 NextLast modified: October 14, 2016