Alaska Statutes Title 13, Chapter 13.33, Article 02 - Single and Multiple Party Accounts

• Sec. 13.33.201 Definitions.
  In AS 13.33.201 - 13.33.227,(1) "account" means a contract of deposit between a depositor and a financial institution and includes a checking account, savings...
• Sec. 13.33.202 Limitation on Scope.
  AS 13.33.201 - 13.33.227 do not apply to(1) an account established for a partnership, joint venture, or other organization for a business purpose;(2) an...
• Sec. 13.33.203 Types of Account; Existing Accounts.
  (a) An account may be for a single party or multiple parties. A multiple-party account may be with or without a right of survivorship...
• Sec. 13.33.204 Forms.
  (a) A contract of deposit that contains provisions in substantially the following form establishes the type of account provided, and the account is governed...
• Sec. 13.33.205 Designation of Agent and Termination of Authority.
  (a) By writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a...
• Sec. 13.33.206 Applicability.
  The provisions of AS 13.33.211 - 13.33.216 concerning beneficial ownership as between parties or as between parties and beneficiaries apply only to controversies between...
• Sec. 13.33.211 Ownership During Lifetime.
  (a) During the lifetime of all parties, an account belongs to the parties in proportion to the net contribution of each to the sums...
• Sec. 13.33.212 Rights At Death.
  (a) Except as otherwise provided in AS 13.33.201 - 13.33.227, on death of a party, sums on deposit in a multiple-party account belong to...
• Sec. 13.33.213 Alteration of Rights.
  (a) Rights at death under AS 13.33.212 are determined by the terms of the account at the death of a party. The terms of...
• Sec. 13.33.214 Accounts and Transfers Nontestamentary.
  Except as provided in AS 13.12.201 - 13.12.214 or as a consequence of and to the extent directed by AS 13.33.215 , a transfer...
• Sec. 13.33.215 Rights of Creditors and Others.
  (a) If other assets of the estate are insufficient, a transfer resulting from a right of survivorship or POD designation under AS 13.33.201 -...
• Sec. 13.33.216 Community Property and Tenancy by the Entirety.
  (a) A deposit of community property in an account does not alter the community character of the property or community rights in the property,...
• Sec. 13.33.221 Authority of Financial Institution.
  A financial institution may enter into a contract of deposit for a multiple-party account to the same extent it may enter into a contract...
• Sec. 13.33.222 Payment on Multiple-Party Account.
  A financial institution, on request, may pay sums on deposit in a multiple-party account to(1) one or more of the parties whether or not...
• Sec. 13.33.223 Payment on Pod Designation.
  A financial institution, on request, may pay sums on deposit in an account with a POD designation to(1) one or more of the parties...
• Sec. 13.33.224 Payment to Designated Agent.
  A financial institution, on request of an agent under an agency designation for an account, may pay to the agent sums on deposit in...
• Sec. 13.33.225 Payment to Minor.
  If a financial institution is required or permitted to make payment under AS 13.33.201 - 13.33.227 to a minor designated as a beneficiary, payment...
• Sec. 13.33.226 Discharge.
  (a) Payment made under AS 13.33.201 - 13.33.227 in accordance with the terms of the account discharges the financial institution from all claims for...
• Sec. 13.33.227 Setoff.
  Without qualifying any other statutory right to setoff or lien and subject to any contractual provision, if a party is indebted to a financial...

Last modified: November 15, 2016