Cross References
Effect and transition of L 1996, c 288 amendments, see §560:8-201.
PART 1. MULTIPLE-PARTY ACCOUNTS
§560:6-109 Financial institution protection; payment after death or disability; joint account. Subject to the provisions of sections 236D-12 and 560:6-107 any sums in a joint account may be paid, on request and according to its terms, 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 560:6-104. [L 1976, c 200, pt of §1; am L 1983, c 217, §9]
Section: Previous 560-6-102 560-6-103 560-6-104 560-6-105 560-6-106 560-6-107 560-6-108 560-6-109 560-6-110 560-6-111 560-6-112 560-6-113 560-6-201 560-7-101 560-7-102 NextLast modified: October 27, 2016