Cross References
Effect and transition of L 1996, c 288 amendments, see §560:8-201.
PART 1. MULTIPLE-PARTY ACCOUNTS
§560:6-108 Financial institution protection; payment on signature of one party. Financial institutions may enter into multiple-party accounts to the same extent that they may enter into single-party accounts. Subject to the provision of sections 236D-12 and 560:6-107, any multiple-party account may be paid, on request and according to its terms, to any one or more of the parties. A financial institution shall not be required to inquire as to the source of funds received for deposit to a multiple-party account, or to inquire as to the proposed application of any sum withdrawn from an account. [L 1976, c 200, pt of §1; am L 1983, c 217, §8]
Section: Previous 560-6-101 560-6-102 560-6-103 560-6-104 560-6-105 560-6-106 560-6-107 560-6-108 560-6-109 560-6-110 560-6-111 560-6-112 560-6-113 560-6-201 560-7-101 NextLast modified: October 27, 2016