(a) A contract of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed by the provisions of AS 13.33.201 - 13.33.227 applicable to an account of that type:
UNIFORM SINGLE- OR MULTIPLE-PARTY ACCOUNT FORM PARTIES
(Name one or more parties):
____________________________________ ___________________________
OWNERSHIP (Select one and initial):
________ SINGLE-PARTY ACCOUNT
________ MULTIPLE-PARTY ACCOUNT
Parties own the account in proportion to net contributions unless
there is clear and convincing evidence of a different intent.
RIGHTS AT DEATH (Select one and initial):
________ SINGLE-PARTY ACCOUNT
At death of party, ownership passes as part of party's estate.
________ SINGLE-PARTY ACCOUNT WITH POD (PAY ON DEATH) DESIGNATION
(Name one or more beneficiaries):
____________________________________ ___________________________
At death of party, ownership passes to POD beneficiaries and is
not part of party's estate.
________ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP
At death of party, ownership passes to surviving parties.
________ MULTIPLE-PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP AND
POD (PAY ON DEATH) DESIGNATION
(Name one or more beneficiaries):
____________________________________ ___________________________
At death of last surviving party, ownership passes to POD
beneficiaries and is not part of last surviving party's estate.
________ MULTIPLE-PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP
At death of party, deceased party's ownership passes as part of
deceased party's estate.
AGENCY (POWER OF ATTORNEY) DESIGNATION (Optional)
Agents may make account transactions for parties but do not have
ownership or rights at death unless named as POD beneficiaries. (To add
agency designation to account, name one or more agents):
____________________________________ ___________________________
(Select one and initial):
________ AGENCY DESIGNATION SURVIVES DISABILITY OR INCAPACITY OF
PARTIES
________ AGENCY DESIGNATION TERMINATES ON DISABILITY OR
INCAPACITY OF PARTIES.
(b) A contract of deposit that does not contain provisions in substantially the form provided in (a) of this section is governed by the provisions of AS 13.33.201 - 13.33.227 applicable to the type of account that most nearly conforms to the depositor's intent.
Section: Previous 13.33.201 13.33.202 13.33.203 13.33.204 13.33.205 13.33.206 13.33.211 13.33.212 13.33.213 13.33.214 13.33.215 13.33.216 13.33.221 13.33.222 13.33.223 NextLast modified: November 15, 2016