Payments; multiple party accounts
Sec. 22. (a) Financial institutions may enter into multiple party
accounts to the same extent that they may enter into single party
accounts.
(b) Any multiple party account may be paid, on request, to any
one (1) or more of the parties.
(c) For purposes of establishing net contributions, a financial
institution is not required to inquire as to:
(1) the source of funds received for deposit to a multiple party
account; or
(2) the proposed application of any sum withdrawn from an
account.
As added by P.L.2-2002, SEC.2.
Last modified: May 24, 2006